Brant Rock, Massachusetts Property Taxes
The median property tax rate in Brant Rock, MA is 1.04%, slightly above the national median of 0.99% but below the Massachusetts state median of 1.23%. With a median home value of $550,100 in Brant Rock, the typical annual property tax bill reaches $5,716, significantly higher than the national median of $2,690. Property taxes in Brant Rock are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence exemption. Understanding Brant Rock'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 Brant Rock 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
Brant Rock, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$5,721
Ownwell’s Brant Rock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brant Rock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brant Rock 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 Brant Rock, Massachusetts
Property taxes in Brant Rock, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brant Rock is 1.04%, which is higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Brant Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brant Rock 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 Brant Rock's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02020 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Brant Rock 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 Brant Rock Tax Rate
1.04%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brant Rock, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02020 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Brant Rock, Massachusetts
In Brant Rock, 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. In Brant Rock, 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. For instance, the median home price in Brant Rock is $550,100, with tax bills ranging from $4,326 at the 25th percentile to $9,850 at the 90th percentile. Interestingly, the highest and lowest median tax bills are both $5,716 in the 02020 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Brant Rock, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Brant Rock Assessed Value
$550,100
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 Brant Rock, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02020 | $362,320 | $416,400 | $550,100 | $668,500 | $948,080 |
Source: Ownwell
Property Tax Bills Across Brant Rock, Massachusetts
In Brant Rock, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the property. For homeowners in Brant Rock, located in Plymouth County, the median home price stands at $550,100. This figure is crucial as it directly influences the tax bill. The tax rate in Brant Rock is applied to the assessed value to determine the annual property tax bill. Homeowners in the 25th percentile can expect a tax bill around $4,326, while those in the 75th percentile may see bills closer to $6,946. For properties in the 90th percentile, the tax bill can reach up to $9,850. Compared to the national median property tax rate of 0.99%, Brant Rock's property taxes can be considered relatively high. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning.
Average Brant Rock Tax Bill
$5,716
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Brant Rock, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02020 | $3,764 | $4,326 | $5,716 | $6,946 | $9,850 |
Source: Ownwell