Taxes in Taunton, Massachusetts
Complete tax guide for Taunton, MA. State income tax up to 5%, 1.23% property tax, 7.26% sales tax. Calculate your total tax burden.
State Income Tax
5%
Massachusetts
Property Tax
1.23%
Effective rate
Sales Tax
7.26%
Combined rate
Tax Burden
High
Taunton, MA Tax Overview
Population
58,241
Median Income
$84,000
Cost of Living
138.5 (100 = avg)
State Income Tax
5%
Median Home Price
$578,000
Taunton Tax Calculator
Pre-filled with Taunton median: $84,000
Total Tax Burden in Taunton
$20,720
Take-Home: $63,280 · Effective Rate: 24.67%
Federal Tax
$10,094
12.02% eff.
MA State
$4,200
5.00% eff.
FICA
$6,426
7.65% eff.
Take-Home
$63,280
75.33% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $84,000.00 | $7,000.00 |
| Federal Income Tax | -$10,094.00 | -$841.17 |
| Massachusetts State Tax | -$4,200.00 | -$350.00 |
| Social Security (6.2%) | -$5,208.00 | -$434.00 |
| Medicare (1.45%) | -$1,218.00 | -$101.50 |
| Take-Home Pay | $63,280.00 | $5,273.33 |
Property Tax in Taunton
Median Home
$578,000
Annual Tax
$7,109
Monthly Tax
$592
Effective Rate
1.23%
Sales Tax in Taunton
Combined Rate
7.26%
State Portion
~4.8%
Local Portion
~2.5%
The combined sales tax rate in Taunton is 7.26%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.26 in sales tax.
Tax Burden Comparison
| Tax Type | Taunton | Massachusetts Avg | National Avg |
|---|---|---|---|
| Income Tax | 5% | 5% | 4.6% |
| Property Tax | 1.23% | ~1.23% | 1.1% |
| Sales Tax | 7.26% | ~7.26% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Taunton Residents
- Massachusetts's income tax rate of 5% is competitive. You may still benefit from maximizing 401(k) contributions ($23,500 limit) to reduce your taxable income at both state and federal levels.
- Property tax in Taunton (1.23%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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HighCalculate Your Full Massachusetts Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Taunton, MA?
Taunton, Massachusetts has a state income tax rate up to 5%. The property tax rate is 1.23% and the combined sales tax rate is 7.26%.
How much is property tax in Taunton?
The effective property tax rate in Taunton is 1.23%. On the median home price of $578,000, this equals approximately $7,109 per year or $592 per month. This is above the national average of 1.1%.
What is the sales tax rate in Taunton?
The combined sales tax rate in Taunton is 7.26%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Taunton's tax burden compare to other cities?
Taunton has a high overall tax burden. The effective total tax rate for a median-income household is approximately 30.9%. The combination of 5% state income tax, 1.23% property tax, and 7.26% sales tax determines the total burden. Cost of living index is 138.5 (100 = national average).
Are there any local taxes in Taunton?
Taunton does not impose a separate local or city income tax. Residents pay the state income tax of 5%, federal income tax, and FICA (Social Security and Medicare).