Dorchester Center, Massachusetts Property Taxes
The median property tax rate in Dorchester Center, MA is 1.07%, which is higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Dorchester Center at $647,050, the typical annual property tax bill reaches $6,950, significantly exceeding the national median of $2,690. Property taxes in Dorchester Center are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence exemption. Understanding Dorchester Center'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 Dorchester Center 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
Dorchester Center, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$6,923
$6,425
Ownwell’s Dorchester Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dorchester Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dorchester Center 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 Dorchester Center, Massachusetts
Property taxes in Dorchester Center, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dorchester Center is 1.07%, higher than both the Massachusetts state median of 1.23% and the U.S. national median of 0.99%. Local government entities within Dorchester Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dorchester Center 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 Dorchester Center's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02124 zip code has the highest median property tax rate of 1.07%, while the 02124 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Dorchester Center provides valuable insights into the varying tax landscape across Suffolk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dorchester Center Tax Rate
1.07%
Average Suffolk County Tax Rate
1.07%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dorchester Center, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02124 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Dorchester Center, Massachusetts
In Dorchester Center, 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 Suffolk 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 Dorchester Center, 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 Dorchester Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 02124 has the highest median tax bill of $6,950, while the lowest median tax bill is also $6,950.
Property Tax Assessment Values Across Dorchester Center, Massachusetts
Source: Ownwell
$84,600
$1,690,350
$3,296,100
Average Dorchester Center Assessed Value
$647,050
Average Suffolk County Assessed Value
$641,300
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dorchester Center, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02124 | $364,650 | $489,500 | $647,050 | $791,125 | $924,460 |
Source: Ownwell
Property Tax Bills Across Dorchester Center, Massachusetts
In Dorchester Center, located in Suffolk County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in this area see their properties assessed by local authorities to determine their market value. With a median home price of $647,050, the assessed value is crucial in calculating the final tax bill. The property tax rate in Suffolk County influences how much homeowners pay annually. For instance, tax bills in the 25th percentile are around $5,257, while those in the 75th percentile can reach up to $8,496. The highest median tax bill in the area is $6,950, affecting homeowners significantly depending on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, making it essential for Dorchester Center homeowners to understand how their local rates and property values impact their financial responsibilities. This knowledge helps homeowners budget effectively and anticipate their annual property tax obligations.
Average Dorchester Center Tax Bill
$6,950
Average Suffolk County Tax Bill
$6,836
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Dorchester Center, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02124 | $3,917 | $5,257 | $6,950 | $8,496 | $9,929 |
Source: Ownwell