02724 Property Tax Rate

Property owners in ZIP code 02724 (Fall River, Massachusetts) pay a median of $3,667/year in property taxes on homes valued at $368,300. This translates to an effective tax rate of 1.00%, which is 12% below the Massachusetts state average of 1.13%.

The monthly property tax burden for a median-valued home in 02724 is approximately $306, which factors into escrow payments on mortgages. This ZIP code is located within Bristol County. This is $2,065 less than the Massachusetts average of $5,732/year.

Compared to similar ZIP codes in Massachusetts, 02724 has higher property taxes. ZIP codes with similar effective rates include 01368 (1.00%) and 01259 (1.00%).

In Fall River, property taxes represent approximately 7.4% of the median household income of $49,809, providing context for the relative tax burden on homeowners in this area.

Massachusetts has no statewide property tax cap; Bristol County conducts periodic revaluations that reset assessed value to current market conditions when you buy. Chapter 59 exemptions for seniors (65+), veterans, and surviving spouses are available—apply directly to the Bristol County Assessor's office by the annual deadline (typically October 1) with proof of residency and status. Verify whether your specific Bristol County municipality imposes a Community Preservation Act surcharge, which can add 1–3% to your tax bill.