Whitman, Massachusetts Property Taxes
The median property tax rate in Whitman, MA is 1.36%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Whitman at $404,200, the typical annual property tax bill reaches $5,485, exceeding the national median of $2,690. Property taxes in Whitman 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 Whitman'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 Whitman 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
Whitman, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$5,497
$5,101
Ownwell’s Whitman Property Tax Bill Calculator offers a straightforward way for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Whitman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitman to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Plymouth County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Whitman, Massachusetts
Property taxes in Whitman, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitman is 1.36%, which is higher than the U.S. national median of 0.99%. Local government entities within Whitman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitman 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 Whitman's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02382 zip code has the highest median property tax rate of 1.36%, while the 02382 zip code also has the lowest median tax rate of 1.36%. Understanding how these cities compare with Whitman 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 Whitman Tax Rate
1.36%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitman, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02382 | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Whitman, Massachusetts
In Whitman, 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 Whitman, 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 Whitman 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 $5,485, found in zip code 02382, reflecting a consistent tax environment across the region.
Property Tax Assessment Values Across Whitman, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Whitman Assessed Value
$404,200
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 Whitman, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02382 | $322,800 | $361,900 | $404,200 | $462,000 | $533,900 |
Source: Ownwell
Property Tax Bills Across Whitman, Massachusetts
In Whitman, Plymouth County, MA, property tax bills are determined by assessing the market value of a property and applying the local tax rate to that value. This process begins with an assessment of the property's market value, which is then multiplied by the town's tax rate to calculate the annual tax bill. Homeowners in Whitman can expect a median property tax bill of $5,485, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, any applicable exemptions, and local tax rates. The assessed value is based on the property's market value, which can fluctuate with real estate trends. For instance, the 25th percentile tax bill in Whitman stands at $4,911, while the 75th percentile reaches $6,269, and the top 10% of tax bills are around $7,245. These figures underscore the variability in tax bills depending on property value and exemptions. For homeowners, understanding these factors is crucial for financial planning and anticipating annual expenses.
Average Whitman Tax Bill
$5,485
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitman, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02382 | $4,380 | $4,911 | $5,485 | $6,269 | $7,245 |
Source: Ownwell