Monponsett, Massachusetts Property Taxes
The median property tax rate in Monponsett, MA is 1.49%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Monponsett at $303,100, the typical annual property tax bill reaches $4,403, exceeding the national median of $2,690. Property taxes in Monponsett 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 Monponsett'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 Monponsett 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
Monponsett, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Monponsett Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Monponsett with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Monponsett to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available by scrolling down. Your property’s assessed value, determined by Plymouth County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Monponsett, Massachusetts
Property taxes in Monponsett, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Monponsett is 1.49%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Monponsett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Monponsett 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 Monponsett's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02350 zip code has the highest median property tax rate of 1.49%, while the 02350 zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Monponsett 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 Monponsett Tax Rate
1.49%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Monponsett, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02350 | 1.37% | 1.41% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Monponsett, Massachusetts
In Monponsett, 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 Monponsett, 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 Monponsett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Monponsett are both $4,403, found in the zip code 02350.
Property Tax Assessment Values Across Monponsett, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Monponsett Assessed Value
$303,100
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 Monponsett, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02350 | $297,340 | $299,500 | $303,100 | $313,550 | $319,820 |
Source: Ownwell
Property Tax Bills Across Monponsett, Massachusetts
In Monponsett, located in Plymouth County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value and then applies an assessment ratio. The local tax rate is set annually by the county and reflects the budgetary needs of the community, including public services, schools, and infrastructure maintenance. Homeowners in Monponsett see a range in their property tax bills, with the 25th percentile paying around $4,369 and the 75th percentile paying approximately $4,456. The highest median tax bill in the area is $4,403, which is notably higher than the national median property tax rate of 0.99%. These tax bills can have a significant impact on homeowners, influencing their overall housing costs and financial planning. Understanding how these factors interact helps residents anticipate their annual property tax obligations and manage their budgets effectively.
Average Monponsett Tax Bill
$4,403
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Monponsett, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02350 | $4,349 | $4,369 | $4,403 | $4,456 | $4,489 |
Source: Ownwell