Marshfield, Massachusetts Property Taxes
The median property tax rate in Marshfield, MA is 1.04%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Marshfield, the typical annual property tax bill reaches $6,473, exceeding the national median of $2,690. Property taxes in Marshfield 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 Marshfield'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 Marshfield 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
Marshfield, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$6,479
$6,013
Ownwell’s Marshfield Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marshfield with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Marshfield to provide an estimated property tax bill. This powerful tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in more granular details, you can scroll down to explore trends at a neighborhood level. Your property’s assessed value is determined by Plymouth County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Marshfield, Massachusetts
Property taxes in Marshfield, Massachusetts, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Marshfield is 1.04%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Marshfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marshfield 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 Marshfield's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02050 zip code has both the highest and lowest median property tax rate of 1.04%. Understanding how these cities compare with Marshfield 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 Marshfield 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 Marshfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02050 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Marshfield, Massachusetts
In Marshfield, 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 Marshfield, 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 Marshfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $6,473, found in the 02050 zip code.
Property Tax Assessment Values Across Marshfield, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Marshfield Assessed Value
$623,000
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 Marshfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02050 | $415,800 | $513,700 | $623,000 | $789,800 | $1,018,700 |
Source: Ownwell
Property Tax Bills Across Marshfield, Massachusetts
In Marshfield, Plymouth County, MA, 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, which evaluates the property's market value. Once the assessment is done, the tax rate, set by local government authorities, is applied to this value to compute the annual property tax bill. For homeowners in Marshfield, the median home price is $623,000. This translates to varying tax bills across different percentiles. For instance, the 25th percentile tax bill is $5,337, while the 75th percentile tax bill reaches $8,206, and the 90th percentile tax bill can be as high as $10,584. Notably, the highest and lowest median tax bills in the area are both $6,473 in the 02050 zip code, reflecting a relatively consistent tax burden. Compared to the national median property tax rate of 0.99%, Marshfield's property tax rates significantly impact homeowners, making it essential for them to understand how their tax bills are determined and the factors influencing them.
Average Marshfield Tax Bill
$6,473
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02050 | $4,320 | $5,337 | $6,473 | $8,206 | $10,584 |
Source: Ownwell