Arlington, Massachusetts Property Taxes
The median property tax rate in Arlington, MA is 1.12%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Arlington, the typical annual property tax bill reaches $9,227, exceeding the national median of $2,690. Property taxes in Arlington 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 Arlington'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 Arlington 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
Arlington, 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 Arlington Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Arlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arlington 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 Arlington, Massachusetts
Property taxes in Arlington, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlington is 1.12%, which is higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Arlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arlington 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. For comparison, the 02476 zip code has the highest median property tax rate of 1.12%, while the 02474 zip code also has a median tax rate of 1.12%. Understanding how these areas compare with Arlington provides valuable insights into the varying tax landscape across Middlesex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arlington Tax Rate
1.12%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arlington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02474 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
| 02476 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Arlington, Massachusetts
In Arlington, Massachusetts, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Middlesex 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 Arlington, 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. For instance, the highest median tax bill in Arlington is $9,280 in the 02474 zip code, while the lowest median tax bill is $9,162 in the 02476 zip code. 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 Arlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Arlington, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average Arlington Assessed Value
$823,100
Average Middlesex County Assessed Value
$633,600
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arlington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02474 | $481,470 | $669,200 | $827,800 | $987,525 | $1,134,030 |
| 02476 | $392,500 | $646,200 | $817,300 | $992,750 | $1,212,620 |
Source: Ownwell
Property Tax Bills Across Arlington, Massachusetts
In Arlington, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the city's tax assessor and reflects the property's market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, Arlington's median home price is $823,100, resulting in varying tax bills across different percentiles. Homeowners in the 25th percentile might see tax bills around $7,414, while those in the 75th percentile could face amounts up to $11,089. The highest median tax bill in Arlington is $9,280 in zip code 02474, whereas the lowest is $9,162 in zip code 02476. These figures can significantly impact homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Arlington's rates reflect the high property values and local government funding needs, making it essential for homeowners to understand their tax obligations.
Average Arlington Tax Bill
$9,227
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Arlington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02474 | $5,397 | $7,502 | $9,280 | $11,068 | $12,712 |
| 02476 | $4,400 | $7,244 | $9,162 | $11,128 | $13,593 |
Source: Ownwell