Tax Burden in ZIP Code 02740
New Bedford, MA — Bristol County
At the median income of $42,000, the estimated total tax burden in ZIP 02740 is $11,986 (28.5% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$4,200
FICA
$3,213
Property Tax
$4,573
Total Tax Burden
$11,986
28.5% effective
Tax Details for ZIP 02740
ZIP code 02740 is located in Bristol County, MA, within the Providence MSA metropolitan area. The area has a cost of living index of 98 (100 = national average), close to the national average.
The effective property tax rate is 1.55%. On the median home price of $295,000, this equals $4,573 per year ($381/month).
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