Raynham, Massachusetts Property Taxes
The median property tax rate in Raynham, MA is 1.21%, considerably higher than the national median of 0.99% but slightly below the Massachusetts state median of 1.23%. With the median home value in Raynham at $1,033,700, the typical annual property tax bill reaches $12,549, far exceeding the national median of $2,690. Property taxes in Raynham 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 Raynham'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 Raynham 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
Raynham, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$12,508
Ownwell’s Raynham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Raynham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Raynham 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 Raynham, Massachusetts
Property taxes in Raynham, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Raynham is 1.21%, higher than the U.S. national median of 0.99%. Local government entities within Raynham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Raynham 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 Raynham's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02767 zip code has the highest median property tax rate of 1.21%, while the 02767 zip code has the lowest median tax rate of 1.21%. Understanding how these cities compare with Raynham 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 Raynham Tax Rate
1.21%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Raynham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02767 | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Raynham, Massachusetts
In Raynham, 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 local 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 Raynham, 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 Raynham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Raynham are both $12,549, with the zip code 02767.
Property Tax Assessment Values Across Raynham, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Raynham Assessed Value
$1,033,700
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 Raynham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02767 | $1,033,700 | $1,033,700 | $1,033,700 | $1,033,700 | $1,033,700 |
Source: Ownwell
Property Tax Bills Across Raynham, Massachusetts
In Raynham, located in 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 town's assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $1,033,700 in Raynham, homeowners can expect their property tax bill to be around $12,549, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the property's location, size, and condition. Additionally, local government budgets and public service funding requirements can impact the tax rate. High property taxes can significantly affect homeowners, leading to higher monthly mortgage payments and influencing decisions on buying or selling property. Understanding how property taxes are calculated helps homeowners in Raynham plan their finances and make informed real estate decisions.
Average Raynham Tax Bill
$12,549
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Raynham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02767 | $12,549 | $12,549 | $12,549 | $12,549 | $12,549 |
Source: Ownwell