Dedham, Suffolk County, Massachusetts Property Taxes

Local government entities set tax rates, which can vary widely within a state. This variance is due to each county annually estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Dedham, located in Norfolk County, Massachusetts, property owners experience an effective property tax rate that is notably higher than the national median of 1.02%. Massachusetts itself has a median property tax rate of 1.07%, which is above the national average. This difference can significantly impact the annual property tax bill for homeowners in Dedham, especially when compared to the national median property tax bill of $2,400.

For homeowners in Dedham, understanding these rates is crucial for financial planning and potential property tax appeals. Comparing Dedham’s effective property tax rate to other cities in Massachusetts and the U.S. can provide valuable insights for property owners looking to manage their tax liabilities effectively.

In Dedham, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the tax bill. In Dedham, the median property tax bill is significantly higher than the national median, reflecting the higher median home price of $625,800 in the area. Property tax bills can vary widely depending on the specific assessed value of a home, with the 25th percentile tax bill at $6,672, the 75th percentile at $6,980, and the 90th percentile reaching $7,136.

These high property tax bills can be a significant financial burden for homeowners in Dedham. Ownwell can help alleviate this burden by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell identifies potential savings opportunities. Our team then works to ensure your property is fairly assessed, potentially reducing your tax bill and saving you money.