South Grafton, Massachusetts Property Taxes
The median property tax rate in South Grafton, MA is 1.57%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in South Grafton at $412,800, the typical annual property tax bill reaches $6,485, exceeding the national median of $2,690. Property taxes in South Grafton 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 South Grafton'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 South Grafton 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
South Grafton, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$6,481
Ownwell’s South Grafton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Grafton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Grafton 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 South Grafton, Massachusetts
Property taxes in South Grafton, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Grafton is 1.57%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within South Grafton set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Grafton 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 South Grafton's effective property tax rate to other areas in Massachusetts and the national median. For comparison, the zip code 01560 has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these areas compare with South Grafton 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 South Grafton Tax Rate
1.57%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Grafton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01560 | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across South Grafton, Massachusetts
In South Grafton, 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 South Grafton, 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 South Grafton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in South Grafton is $412,800, with the highest and lowest median tax bills both at $6,485 in the 01560 zip code.
Property Tax Assessment Values Across South Grafton, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average South Grafton Assessed Value
$412,800
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 South Grafton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01560 | $232,220 | $338,425 | $412,800 | $544,600 | $635,140 |
Source: Ownwell
Property Tax Bills Across South Grafton, Massachusetts
In South Grafton, Worcester County, 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 local assessors who evaluate the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $412,800, homeowners can expect a considerable tax bill. Factors such as property location, market conditions, and property improvements can influence the assessed value. In Worcester County, the median property tax bill is $6,485, significantly higher than the national median of 0.99%. Homeowners in the 25th percentile may pay around $5,305, while those in the 75th percentile could see bills as high as $8,556. For those in the 90th percentile, tax bills can reach up to $9,978. These taxes fund essential public services, impacting homeowners by contributing to local schools, infrastructure, and public safety.
Average South Grafton Tax Bill
$6,485
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across South Grafton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01560 | $3,648 | $5,305 | $6,485 | $8,556 | $9,978 |
Source: Ownwell