Fiskdale, Massachusetts Property Taxes
The median property tax rate in Fiskdale, MA is 1.81%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Fiskdale at $353,000, the typical annual property tax bill reaches $6,379, significantly exceeding the national median of $2,690. Property taxes in Fiskdale 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 Fiskdale'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 Fiskdale 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
Fiskdale, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$6,389
Ownwell’s Fiskdale Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fiskdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fiskdale 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 Worcester County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fiskdale, Massachusetts
Property taxes in Fiskdale, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fiskdale is 1.81%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Fiskdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fiskdale 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 Fiskdale's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01518 zip code has the highest median property tax rate of 1.81%, while the same zip code has the lowest median tax rate of 1.81%. Understanding how these cities compare with Fiskdale provides valuable insights into the varying tax landscape across Worcester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fiskdale Tax Rate
1.81%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fiskdale, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01518 | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Fiskdale, Massachusetts
In Fiskdale, 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 Worcester 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 Fiskdale, 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 Fiskdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $6,379 in the 01518 zip code, while the lowest is also $6,379 in the same zip code.
Property Tax Assessment Values Across Fiskdale, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Fiskdale Assessed Value
$353,000
Average Worcester County Assessed Value
$360,000
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fiskdale, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01518 | $204,320 | $259,500 | $353,000 | $474,200 | $570,640 |
Source: Ownwell
Property Tax Bills Across Fiskdale, Massachusetts
In Fiskdale, located in Worcester 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. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Fiskdale, the median home price is $353,000. Tax bills can vary significantly, with the 25th percentile at $4,689 and the 75th percentile reaching $8,569. The 90th percentile tax bill can go as high as $10,312. These figures indicate that property taxes in Fiskdale are higher than the national median property tax rate of 0.99%. High property taxes can impact homeowners by increasing the overall cost of homeownership, influencing budgeting and financial planning. Conversely, they also contribute to local services such as schools, public safety, and infrastructure, which can enhance community living standards.
Average Fiskdale Tax Bill
$6,379
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Fiskdale, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01518 | $3,692 | $4,689 | $6,379 | $8,569 | $10,312 |
Source: Ownwell