Abington, Massachusetts Property Taxes
The median property tax rate in Abington, MA is 1.42%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Abington at $452,200, the typical annual property tax bill reaches $6,426, exceeding the national median of $2,690. Property taxes in Abington 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 Abington'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 Abington 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
Abington, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$6,421
$5,959
Ownwell’s Abington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abington 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Abington, Massachusetts
Property taxes in Abington, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abington is 1.42%, which is higher than the U.S. national median of 0.99%. Local government entities within Abington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abington 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 Abington's effective property tax rate to other areas in Plymouth County and the national median. For comparison, the 02351 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these areas compare with Abington provides valuable insights into the varying tax landscape across Plymouth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abington Tax Rate
1.42%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02351 | 1.42% | 1.42% | 1.42% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Abington, Massachusetts
In Abington, 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 Plymouth 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. Assessment notices in Abington 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. Being aware of these valuation processes in Abington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Abington are both $6,426, found in the 02351 zip code.
Property Tax Assessment Values Across Abington, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Abington Assessed Value
$452,200
Average Plymouth County Assessed Value
$476,400
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02351 | $339,000 | $384,550 | $452,200 | $552,100 | $662,560 |
Source: Ownwell
Property Tax Bills Across Abington, Massachusetts
In Abington, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Plymouth County. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Abington experience property tax rates that vary, with the median home price being $452,200. Tax bills can range significantly depending on the property's assessed value and specific location within the city. For instance, the 25th percentile tax bill is around $5,464, while the 75th percentile tax bill can reach up to $7,846. The highest tax bills, in the 90th percentile, can climb to $9,415. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, the rates in Abington can be higher, reflecting the region's property values and funding needs. This means homeowners must carefully consider property taxes when budgeting for homeownership in this area.
Average Abington Tax Bill
$6,426
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Abington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02351 | $4,817 | $5,464 | $6,426 | $7,846 | $9,415 |
Source: Ownwell