West Wareham, Massachusetts Property Taxes
The median property tax rate in West Wareham, MA is 1.20%, slightly below the state median of 1.23% but still higher than the national median of 0.99%. With the median home value in West Wareham at $361,800, the typical annual property tax bill reaches $4,350, significantly exceeding the national median of $2,690. Property taxes in West Wareham are calculated based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding West Wareham's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of West Wareham 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
West Wareham, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$4,342
$4,029
Ownwell’s WEST WAREHAM Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST WAREHAM with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST WAREHAM 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 West Wareham, Massachusetts
Property taxes in West Wareham, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Wareham is 1.20%, higher than the U.S. national median of 0.99%. Local government entities within West Wareham set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Wareham 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 West Wareham's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02576 zip code has the highest median property tax rate of 1.20%, while the 02576 zip code has the lowest median tax rate of 1.20%. Understanding how these cities compare with West Wareham 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 West Wareham Tax Rate
1.20%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Wareham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02576 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across West Wareham, Massachusetts
In WEST WAREHAM, 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. 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 WEST WAREHAM 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 $4,350, found in zip code 02576.
Property Tax Assessment Values Across West Wareham, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average West Wareham Assessed Value
$361,800
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 West Wareham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02576 | $249,800 | $291,450 | $361,800 | $457,850 | $554,240 |
Source: Ownwell
Property Tax Bills Across West Wareham, Massachusetts
Property tax bills in West Wareham, located in Plymouth County, MA, 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 estimates the market value of the property. This value is then multiplied by the local tax rate to calculate the annual tax bill. In West Wareham, the median home price is $361,800. Homeowners can expect their tax bills to vary significantly; for instance, the 25th percentile tax bill is around $3,506, while the 75th percentile tax bill is approximately $5,508. At the 90th percentile, tax bills can reach up to $6,658. These property taxes fund essential services such as public education, infrastructure, and emergency services. For homeowners, this means that higher property values and tax rates can lead to substantial annual tax obligations, affecting overall housing affordability. Comparatively, the national median property tax rate is 0.99%, highlighting the variability in property tax burdens across different regions.
Average West Wareham Tax Bill
$4,350
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across West Wareham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02576 | $3,005 | $3,506 | $4,350 | $5,508 | $6,658 |
Source: Ownwell