Carver, Massachusetts Property Taxes
The median property tax rate in Carver, MA is 1.46%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Carver, the typical annual property tax bill reaches $6,258, exceeding the national median of $2,690. Property taxes in Carver 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 Carver'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 Carver 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
Carver, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$6,271
$5,819
Ownwell’s Carver Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Carver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carver 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 Carver, Massachusetts
Property taxes in Carver, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carver is 1.46%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Carver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carver 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 Carver's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 02330 has both the highest and lowest median property tax rate of 1.46%. Understanding how these cities compare with Carver 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 Carver Tax Rate
1.46%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carver, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02330 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Carver, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Carver, Massachusetts. 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 Assessor's Office 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 Carver, 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. Being aware of these valuation processes in Carver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Carver are both $6,258, found in the 02330 zip code.
Property Tax Assessment Values Across Carver, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Carver Assessed Value
$429,500
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 Carver, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02330 | $325,100 | $376,400 | $429,500 | $498,300 | $590,250 |
Source: Ownwell
Property Tax Bills Across Carver, Massachusetts
In Carver, Plymouth County, MA, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is based on various factors, including the market value of the property, its location, and any improvements made. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For example, with a median home price of $429,500, homeowners in Carver can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is around $5,489, while at the 75th percentile, it reaches approximately $7,250. At the 90th percentile, the tax bill can go up to $8,558. These property taxes significantly impact homeowners by influencing their annual expenses and overall financial planning. Given that the national median property tax rate is 0.99%, Carver's property taxes can be considered relatively high, reflecting the area's property values and local government funding needs.
Average Carver Tax Bill
$6,258
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Carver, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02330 | $4,731 | $5,489 | $6,258 | $7,250 | $8,558 |
Source: Ownwell