Winchendon, Massachusetts Property Taxes
The median property tax rate in Winchendon, MA is 1.34%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Winchendon at $262,100, the typical annual property tax bill reaches $3,512, exceeding the national median of $2,690. Property taxes in Winchendon 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 Winchendon'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 Winchendon 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
Winchendon, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$3,512
Ownwell’s Winchendon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winchendon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winchendon 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 Winchendon, Massachusetts
Property taxes in Winchendon, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winchendon is 1.34%, significantly higher than the U.S. national median of 0.99%. Local government entities within Winchendon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winchendon 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. Understanding how Winchendon’s effective property tax rate compares to other areas in Worcester County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winchendon Tax Rate
1.34%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winchendon, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01475 | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Winchendon, Massachusetts
In Winchendon, Massachusetts, understanding the distinction between "market value" and "assessed value" is essential for grasping 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. Assessment notices in Winchendon 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 Winchendon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Winchendon is $262,100, with tax bills ranging from $2,798 at the 25th percentile to $5,314 at the 90th percentile. The highest and lowest median tax bills are both $3,512 in zip code 01475.
Property Tax Assessment Values Across Winchendon, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Winchendon Assessed Value
$262,100
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 Winchendon, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01475 | $160,160 | $208,800 | $262,100 | $321,900 | $396,540 |
Source: Ownwell
Property Tax Bills Across Winchendon, Massachusetts
In Winchendon, located in Worcester County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value reflects the estimated market value of the property, which is determined by the town's assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Winchendon, the median home price is $262,100. The tax burden can vary significantly, with the 25th percentile tax bill at $2,798 and the 75th percentile reaching $4,313. At the 90th percentile, homeowners might see tax bills as high as $5,314. The median tax bill in the area is $3,512, which is higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life and community resources available to homeowners.
Average Winchendon Tax Bill
$3,512
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Winchendon, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01475 | $2,146 | $2,798 | $3,512 | $4,313 | $5,314 |
Source: Ownwell