Lakeville, Plymouth County, Massachusetts Property Taxes

Name: Property Tax Bills Across Lakeville, Plymouth County, Massachusetts
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lakeville, MA effective property tax rate: 1.05%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Lakeville, MA home value: $513,000
Median annual Lakeville, MA tax bill: $5,412, $3,012 higher than the national median property tax bill of $2,400.

How are property taxes in Plymouth calculated?

Property taxes in Lakeville, MA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Lakeville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lakeville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lakeville, Plymouth County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$5,387

$4,999

Ownwell’s Lakeville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lakeville with just two data points. By entering your property's estimated assessed value, our calculator applies Lakeville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Plymouth County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lakeville, Plymouth County, Massachusetts

Local government entities determine property tax rates, which can vary significantly within Massachusetts. This variance is due to the fact that each county, including Plymouth County, calculates its required budget to deliver essential services and divides it by the total value of all taxable properties within its jurisdiction. This calculation establishes the property tax rate. Although the process involves votes and legislation, this is essentially how it works annually.

In Lakeville, located in Plymouth County, the effective property tax rate stands at 1.05%, matching the highest and lowest rates within the county. This rate is slightly above the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2,400, Lakeville's property tax rate reflects the localized approach to tax assessments in Massachusetts. By understanding these rates, property owners in Lakeville can better navigate their financial obligations and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Lakeville, Plymouth County, Massachusetts

Source: Ownwell

0.94%

1.24%

1.54%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lakeville Tax Rate

1.05%

Median Effective Plymouth County Tax Rate

1.30%

Median Effective Massachusetts Tax Rate

1.23%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lakeville, Plymouth County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02347	1.05%	1.05%	1.05%	1.06%	1.06%

Source: Ownwell

Property Tax Assessment Values Across Lakeville, Plymouth County, Massachusetts

When examining property taxes in Lakeville, Massachusetts, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Plymouth County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Plymouth County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lakeville. For example, the median home price in Lakeville is $513,000, with tax bills ranging significantly across the county. 02347 has the highest median home price at $513,000.

Property Tax Assessment Values Across Lakeville, Plymouth County, Massachusetts

Source: Ownwell

$308,000

$616,800

$925,600

Median Lakeville Market Value

$513,000

Median Plymouth County Market Value

$476,400

Median Massachusetts Market Value

$492,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lakeville, Plymouth County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02347	$306,030	$407,900	$513,000	$634,200	$759,450

Source: Ownwell

Property Tax Bills Across Lakeville, Plymouth County, Massachusetts

In Lakeville, Plymouth County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Lakeville is approximately $513,000, which significantly influences the tax bill. Homeowners in this area experience a median tax bill of around $5,412, which is notably higher than the national median property tax bill of $2,400. This is due to the local tax rate and property values, which are key factors in determining tax bills. The tax bill varies widely, with the 25th percentile at $4,303 and the 90th percentile reaching $8,013, reflecting the diversity in home values and tax rates.

For homeowners looking to reduce their property tax burden, Ownwell offers expert services in property tax appeals and exemptions. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying on their tax bills. This can result in significant savings, providing financial relief and peace of mind for property owners in Lakeville.

Property Tax Bills Across Lakeville, Plymouth County, Massachusetts

Source: Ownwell

$3,785

$7,109

$10,432

Median Lakeville Tax Bill

$5,412

Median Plymouth County Tax Bill

$6,149

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Lakeville, Plymouth County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02347	$3,228	$4,303	$5,412	$6,694	$8,013

Source: Ownwell