Natick, Massachusetts Property Taxes
The median property tax rate in Natick, MA is 1.26%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Natick at $639,200, the typical annual property tax bill reaches $8,079, significantly exceeding the national median of $2,690. Property taxes in Natick 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 Natick'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 Natick 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
Natick, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$8,054
Ownwell’s Natick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Natick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Natick 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 Natick, Massachusetts
Property taxes in Natick, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Natick is 1.26%, which is higher than the U.S. national median of 0.99%. Local government entities within Natick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Natick 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 Natick's effective property tax rate to other areas in Massachusetts and the national median. For comparison, the 01760 zip code has both the highest and lowest median property tax rate of 1.26%. Understanding how these rates compare with Natick 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 Natick Tax Rate
1.26%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Natick, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01760 | 1.26% | 1.26% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Natick, Massachusetts
In Natick, 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 Natick, 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 Natick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Natick are both $8,079, found in the 01760 zip code.
Property Tax Assessment Values Across Natick, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average Natick Assessed Value
$639,200
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 Natick, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01760 | $296,400 | $528,700 | $639,200 | $807,500 | $1,036,580 |
Source: Ownwell
Property Tax Bills Across Natick, Massachusetts
In Natick, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This value reflects the market value of the property. The tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Natick, the median home price stands at $639,200, resulting in significant tax bills. Factors influencing the tax bill include property size, location, and condition, as well as any improvements or renovations. In Natick, the tax bills can vary significantly, with the 25th percentile tax bill at $6,683 and the 75th percentile reaching $10,207. At the 90th percentile, homeowners might see tax bills as high as $13,103. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Comparing Natick’s property tax rates to the national median of 0.99%, homeowners in this area may find their tax obligations higher, reflecting the region's property values and the quality of local services.
Average Natick Tax Bill
$8,079
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Natick, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01760 | $3,746 | $6,683 | $8,079 | $10,207 | $13,103 |
Source: Ownwell