Groveland, Massachusetts Property Taxes
The median property tax rate in Groveland, MA is 1.31%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Groveland at $534,800, the typical annual property tax bill reaches $7,021, exceeding the national median of $2,690. Property taxes in Groveland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Groveland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Groveland or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Groveland, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Groveland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Groveland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Groveland to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Groveland, Massachusetts
Property taxes in Groveland, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Groveland is 1.31%, which is higher than the U.S. national median of 0.99%. Local government entities within Groveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Groveland estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Groveland's effective property tax rate to other areas in Massachusetts and the national median. For comparison, the 01834 zip code has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Groveland provides valuable insights into the varying tax landscape across Essex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Groveland Tax Rate
1.31%
Average Essex County Tax Rate
1.12%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Groveland, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01834 | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Groveland, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Groveland, MA. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Essex County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Groveland, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Groveland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Groveland are both $7021 in the zip code 01834.
Property Tax Assessment Values Across Groveland, Massachusetts
Source: Ownwell
$258,000
$802,500
$1,347,000
Average Groveland Assessed Value
$534,800
Average Essex County Assessed Value
$545,500
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Groveland, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01834 | $425,400 | $469,600 | $534,800 | $632,550 | $744,400 |
Source: Ownwell
Property Tax Bills Across Groveland, Massachusetts
In Groveland, Essex County, MA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The town assesses the market value of properties, and this assessed value is then multiplied by the local tax rate to determine your annual tax bill. For example, with a median home price of $534,800, homeowners can expect to pay property taxes in a range that reflects the assessed value and applicable rates. The tax bill in Groveland can vary significantly. At the 25th percentile, homeowners might pay around $6,165, while those at the 75th percentile could see bills up to $8,306. For properties at the 90th percentile, tax bills can reach as high as $9,774. This variance is influenced by factors such as property size, location, and any improvements made to the home. Compared to the national median property tax rate of 0.99%, Groveland's property tax bills are relatively high. This can have a substantial impact on homeowners, affecting everything from monthly mortgage payments to overall affordability of living in the area.
Average Groveland Tax Bill
$7,021
Average Essex County Tax Bill
$6,145
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Groveland, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01834 | $5,586 | $6,165 | $7,021 | $8,306 | $9,774 |
Source: Ownwell