ZIP Code 02721

In ZIP code 02721, which covers part of Fall River, homes carry a median value of $406,000 while the county's effective property tax rate sits at 1.06%. That combination produces an annual tax bill well above what many local households can absorb: median household income here is $52,841, and per-capita income reaches $31,240. The gap between earnings and housing costs shapes daily life, since property taxes are levied on assessed value rather than on what a buyer can pay. A combined sales tax of 6.25% adds further cost to everyday purchases, tightening budgets already stretched by shelter expenses.