Jamaica Plain, Suffolk County, Massachusetts Property Taxes
The median property tax rate in Jamaica Plain, MA is 1.07%, which is considerably higher than the national median of 0.99% but lower than the Massachusetts state median of 1.23%. With a median home value of $705,300, the typical annual property tax bill in Jamaica Plain reaches $7,575, far exceeding the national median of $2,690. Property taxes in Jamaica Plain are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Jamaica Plain'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 Jamaica Plain 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
Jamaica Plain, Suffolk County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$7,547
$7,003
Ownwell’s Jamaica Plain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jamaica Plain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamaica Plain 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 Jamaica Plain, Suffolk County, Massachusetts
Property taxes in Jamaica Plain, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamaica Plain is 1.07%, higher than both the Massachusetts state median of 1.04% and the U.S. national median of 0.99%. Local government entities within Jamaica Plain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamaica Plain 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 Jamaica Plain's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02130 zip code has the highest median property tax rate of 1.07%, while the 02130 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Jamaica Plain 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.
Property Tax Rates Across Jamaica Plain, Suffolk County, Massachusetts
Source: Ownwell
0.95%
1.09%
1.24%
Average Jamaica Plain 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 Jamaica Plain, Suffolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02130 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Jamaica Plain, Suffolk County, Massachusetts
In Jamaica Plain, 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 Assessor 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 Jamaica Plain, 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 Jamaica Plain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 02130 has the highest and lowest median tax bill, both at $7,575.
Property Tax Assessment Values Across Jamaica Plain, Suffolk County, Massachusetts
Source: Ownwell
$408,200
$1,852,150
$3,296,100
Average Jamaica Plain Assessed Value
$705,300
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 Jamaica Plain, Suffolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02130 | $422,030 | $515,800 | $705,300 | $1,047,850 | $1,356,900 |
Source: Ownwell
Property Tax Bills Across Jamaica Plain, Suffolk County, Massachusetts
In Jamaica Plain, Suffolk County, MA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $705,300, homeowners in Jamaica Plain can expect varying tax bills. The tax bill at the 25th percentile is approximately $5,540, while at the 75th percentile, it rises to about $11,254. At the 90th percentile, the tax bill can reach up to $14,573. The median property tax bill in the area stands at $7,575, which is significantly higher than the national median property tax rate of 0.99%. These property taxes directly impact homeowners by influencing their overall housing costs, potentially affecting affordability and long-term financial planning. Understanding these factors helps homeowners anticipate their annual expenses more accurately.
Property Tax Bills Across Jamaica Plain, Suffolk County, Massachusetts
Source: Ownwell
$4,384
$19,892
$35,400
Average Jamaica Plain Tax Bill
$7,575
Average Suffolk County Tax Bill
$6,836
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamaica Plain, Suffolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02130 | $4,532 | $5,540 | $7,575 | $11,254 | $14,573 |
Source: Ownwell