Middleton, Massachusetts Property Taxes
The median property tax rate in Middleton, MA is 1.40%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Middleton at $980,200, the typical annual property tax bill reaches $13,713, exceeding the national median of $2,690. Property taxes in Middleton 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 Middleton'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 Middleton 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
Middleton, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$13,723
Ownwell’s Middleton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Middleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middleton to provide an estimate of your property tax bill. This invaluable tool helps you understand potential tax liabilities. If you’re curious about trends on a neighborhood level, scroll down to discover more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any exemptions that may apply.
Property Tax Rates Across Middleton, Massachusetts
Property taxes in Middleton, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middleton is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Middleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middleton 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 Middleton's effective property tax rate to other areas in Massachusetts and the national median. For comparison, the zip code 01949 has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Middleton 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 Middleton Tax Rate
1.40%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middleton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01949 | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Middleton, Massachusetts
In Middleton, 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 Assessor's Office 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 Middleton, 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 median home price in Middleton stands at $980,200, with tax bills ranging from $13,444 at the 25th percentile to $14,143 at the 90th percentile. The highest and lowest median tax bills are both $13,713, found in the 01949 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Middleton, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average Middleton Assessed Value
$980,200
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 Middleton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01949 | $949,480 | $961,000 | $980,200 | $999,400 | $1,010,920 |
Source: Ownwell
Property Tax Bills Across Middleton, Massachusetts
In Middleton, 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 local tax assessor and reflects the market value of the property. Homeowners in Middleton face a median property tax rate of 1.40%, which is significantly higher than the national median of 0.99%. This rate is applied to the assessed value to determine the annual tax bill. For instance, with a median home price of $980,200 in Middleton, homeowners can expect a substantial property tax bill. The 25th percentile tax bill is approximately $13,444, while the 75th percentile tax bill is around $13,982. At the 90th percentile, tax bills can reach up to $14,143. These figures illustrate the financial impact on property owners, making it crucial for homeowners to be aware of their property's assessed value and any available exemptions or appeal opportunities to potentially reduce their tax burden.
Average Middleton Tax Bill
$13,713
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Middleton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01949 | $13,283 | $13,444 | $13,713 | $13,982 | $14,143 |
Source: Ownwell