Newton Highlands, Massachusetts Property Taxes
The median property tax rate in Newton Highlands, MA is 1.02%, which is higher than the national median of 0.99% but lower than the Massachusetts state median of 1.23%. With a median home value of $1,066,800, the typical annual property tax bill in Newton Highlands reaches $10,860, significantly surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below market value due to various exemptions, such as those for primary residences. Understanding Newton Highlands' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Newton Highlands or another part of Middlesex County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newton Highlands, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$10,881
Ownwell’s Newton Highlands Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newton Highlands with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newton Highlands 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 Newton Highlands, Massachusetts
Property taxes in Newton Highlands, MA, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newton Highlands is 1.02%, higher than the U.S. national median of 0.99%. Local government entities within Newton Highlands set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newton Highlands 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 Newton Highlands' effective property tax rate to other regions and the national median. For comparison, the 02461 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Newton Highlands 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 Newton Highlands Tax Rate
1.02%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newton Highlands, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02461 | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Newton Highlands, Massachusetts
In Newton Highlands, 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 Newton Highlands, 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. The median home price in Newton Highlands is $1,066,800, with tax bills ranging from $8,410 at the 25th percentile to $17,528 at the 90th percentile. 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 Newton Highlands helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Newton Highlands, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average Newton Highlands Assessed Value
$1,066,800
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 Newton Highlands, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02461 | $672,160 | $825,325 | $1,066,800 | $1,360,500 | $1,721,770 |
Source: Ownwell
Property Tax Bills Across Newton Highlands, Massachusetts
In Newton Highlands, located in Middlesex County, MA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. For homeowners in Newton Highlands, the median home price is $1,066,800. The property tax rate in this region significantly impacts homeowners, with tax bills ranging from the 25th percentile at $8,410 to the 90th percentile at $17,528. The local tax rate is applied to the assessed value to determine the annual tax bill. This rate is influenced by the county's budgetary needs and the value of the properties within the area. The median property tax bill in Newton Highlands stands at $10,860, which is considerably higher than the national median property tax rate of 0.99%. Homeowners in this area, therefore, face substantial property tax obligations, which can affect their overall financial planning and housing affordability.
Average Newton Highlands Tax Bill
$10,860
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Newton Highlands, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02461 | $6,874 | $8,410 | $10,860 | $13,850 | $17,528 |
Source: Ownwell