Rochester, Massachusetts Property Taxes
The median property tax rate in Rochester, MA is 1.19%, slightly higher than the national median of 0.99%, yet below the Massachusetts state median of 1.23%. With the median home value in Rochester at $498,950, the typical annual property tax bill amounts to $5,921, surpassing the national median of $2,690. Property taxes in Rochester are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Rochester'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 Rochester 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
Rochester, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$5,938
$5,510
Ownwell’s Rochester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rochester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rochester 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 Rochester, Massachusetts
Property taxes in Rochester, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rochester is 1.19%, which is higher than the U.S. national median of 0.99%. Local government entities within Rochester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rochester 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 Rochester's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02770 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Rochester 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 Rochester Tax Rate
1.19%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rochester, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02770 | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Rochester, Massachusetts
In Rochester, 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 Rochester, 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 Rochester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rochester is $498,950. The 25th percentile tax bill is $5,131, while the 75th percentile tax bill is $6,975, and the 90th percentile tax bill reaches $8,262. The zip code 02770 has both the highest and lowest median tax bill at $5,921.
Property Tax Assessment Values Across Rochester, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Rochester Assessed Value
$498,950
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 Rochester, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02770 | $373,840 | $432,275 | $498,950 | $587,625 | $696,030 |
Source: Ownwell
Property Tax Bills Across Rochester, Massachusetts
In Rochester, Plymouth County, property tax bills are determined by a combination of the assessed value of a property and the local tax rate. The assessed value is an estimate of the property's market value as determined by the local tax assessor. Once the assessed value is established, it is multiplied by the property tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the property's location, size, condition, and comparable sales in the area. For homeowners in Rochester, the median home price is $498,950, which significantly impacts the overall tax bill. For instance, the tax bill at the 25th percentile is $5,131, while at the 75th percentile, it rises to $6,975. These property tax bills can have a substantial effect on homeowners, influencing their overall housing costs and potentially their decision to buy or sell property in the area. Compared to the national median property tax rate of 0.99%, Rochester's property tax rates reflect the community's investment in local services and infrastructure.
Average Rochester Tax Bill
$5,921
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Rochester, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02770 | $4,438 | $5,131 | $5,921 | $6,975 | $8,262 |
Source: Ownwell