East Wareham, Massachusetts Property Taxes
The median property tax rate in East Wareham, MA is 1.20%, which is higher than the national median of 0.99% but slightly lower than the Massachusetts state median of 1.23%. With the median home value in East Wareham at $314,600, the typical annual property tax bill reaches $3,785, surpassing the national median of $2,690. Property taxes in East Wareham are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding East Wareham'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 East Wareham or another part of Plymouth County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Wareham, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$3,775
Ownwell’s East Wareham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Wareham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Wareham 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 East Wareham, Massachusetts
Property taxes in East Wareham, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Wareham is 1.20%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within East Wareham set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Wareham 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 East Wareham's effective property tax rate to other areas in Plymouth County and the national median. For comparison, the zip code 02538 has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these areas compare with East Wareham 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 East Wareham Tax Rate
1.20%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Wareham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02538 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across East Wareham, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in East Wareham, 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 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 East Wareham 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 East Wareham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $3,785 in the 02538 zip code, reflecting the local property tax landscape.
Property Tax Assessment Values Across East Wareham, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average East Wareham Assessed Value
$314,600
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 East Wareham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02538 | $236,460 | $269,700 | $314,600 | $364,200 | $448,360 |
Source: Ownwell
Property Tax Bills Across East Wareham, Massachusetts
In East Wareham, Plymouth County, MA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which is periodically evaluated by local assessors. Several factors influence this assessed value, including property size, location, and condition. For homeowners, this means that any changes in the housing market or property improvements can impact their tax bills. The median home price in East Wareham is $314,600. Property tax bills in the area vary widely, with the 25th percentile at $3,251 and the 75th percentile at $4,381. The 90th percentile tax bill can reach up to $5,394, reflecting the higher end of the market. The median property tax bill in East Wareham is $3,785, which is above the national median property tax rate of 0.99%. This indicates that homeowners in this area may face higher property tax bills compared to the national average, affecting their overall housing costs.
Average East Wareham Tax Bill
$3,785
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across East Wareham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02538 | $2,845 | $3,251 | $3,785 | $4,381 | $5,394 |
Source: Ownwell