Stoughton, Massachusetts Property Taxes
The median property tax rate in Stoughton, MA is 1.35%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Stoughton at $432,700, the typical annual property tax bill reaches $5,863, exceeding the national median of $2,690. Property taxes in Stoughton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stoughton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Stoughton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stoughton, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Stoughton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stoughton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stoughton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Norfolk County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Stoughton, Massachusetts
Property taxes in Stoughton, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stoughton is 1.35%, higher than the U.S. national median of 0.99%. Local government entities within Stoughton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stoughton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Stoughton's effective property tax rate to other areas and the national median. For comparison, the zip code 02072 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Stoughton provides valuable insights into the varying tax landscape across Norfolk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stoughton Tax Rate
1.35%
Average Norfolk County Tax Rate
1.18%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stoughton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02072 | 1.35% | 1.35% | 1.35% | 1.36% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Stoughton, Massachusetts
In Stoughton, Massachusetts, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Norfolk County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Stoughton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Notably, the highest and lowest median tax bills in Stoughton are both $5,863, found in the 02072 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Stoughton, Massachusetts
Source: Ownwell
$363,800
$1,318,700
$2,273,600
Average Stoughton Assessed Value
$432,700
Average Norfolk County Assessed Value
$592,100
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stoughton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02072 | $307,280 | $369,525 | $432,700 | $503,975 | $608,920 |
Source: Ownwell
Property Tax Bills Across Stoughton, Massachusetts
In Stoughton, Norfolk County, MA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the town's assessor, who evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Stoughton, the tax bill can vary significantly. The tax bill at the 25th percentile is $5,008, while at the 75th percentile, it rises to $6,827. For those at the 90th percentile, the tax bill can reach as high as $8,250. This variation is influenced by factors such as property location, size, and market conditions. Compared to the national median property tax rate of 0.99%, Stoughton's property taxes can be relatively high, affecting homeowners' annual expenses. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Stoughton Tax Bill
$5,863
Average Norfolk County Tax Bill
$7,156
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Stoughton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02072 | $4,164 | $5,008 | $5,863 | $6,827 | $8,250 |
Source: Ownwell