Westminster, Massachusetts Property Taxes
The median property tax rate in Westminster, MA is 1.31%, significantly higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Westminster at $392,850, the typical annual property tax bill reaches $5,132, surpassing the national median of $2,690. Property taxes in Westminster are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Westminster'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 Westminster 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
Westminster, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$5,146
Ownwell’s Westminster Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential owner looking to estimate their annual property taxes in Westminster. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Westminster to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities with ease. For those interested in more granular data, our trends page offers localized information down to the neighborhood level. Your property’s assessed value is determined by Worcester County for property tax calculations, which includes any applicable exemptions.
Property Tax Rates Across Westminster, Massachusetts
Property taxes in Westminster, MA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westminster is 1.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Westminster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westminster 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 Westminster's effective property tax rate to other areas and the national median. For comparison, the zip code 01473 has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these figures compare with Westminster 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 Westminster Tax Rate
1.31%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westminster, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01473 | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Westminster, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Westminster, MA. 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 Westminster, 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 Westminster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both amount to $5,132 in the 01473 zip code, reflecting the uniformity in tax assessments within the region.
Property Tax Assessment Values Across Westminster, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Westminster Assessed Value
$392,850
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 Westminster, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01473 | $248,340 | $304,600 | $392,850 | $488,900 | $586,050 |
Source: Ownwell
Property Tax Bills Across Westminster, Massachusetts
In Westminster, 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 the local assessor's office, reflecting the market value of the property. Homeowners in Westminster typically face a median property tax bill of $5,132, which is significantly higher than the national median property tax rate of 0.99%. Factors such as property size, location, and any improvements made to the property can influence the assessed value. For instance, the 25th percentile tax bill is $3,978, while the 75th percentile reaches $6,385, and the 90th percentile can be as high as $7,654. These variations indicate how different property characteristics and market conditions impact tax bills. High property tax bills in Westminster can place a financial burden on homeowners, affecting their overall cost of living. However, understanding how these bills are calculated can help homeowners plan better and potentially seek exemptions or appeals to manage their expenses.
Average Westminster Tax Bill
$5,132
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Westminster, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01473 | $3,243 | $3,978 | $5,132 | $6,385 | $7,654 |
Source: Ownwell