Leyden, Massachusetts Property Taxes
The median property tax rate in Leyden, MA is 1.52%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Leyden at $294,050, the typical annual property tax bill reaches $4,464, exceeding the national median of $2,690. Property taxes in Leyden 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 Leyden'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 Leyden 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
Leyden, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$4,470
Ownwell’s Leyden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leyden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leyden 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 Leyden, Massachusetts
Property taxes in Leyden, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leyden is 1.52%, notably higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Leyden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leyden 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 Leyden's effective property tax rate to other areas in Franklin County and the national median. For comparison, the zip code 01301 has the highest median property tax rate of 1.52%, while the same zip code also represents the lowest median tax rate of 1.52%. Understanding how these areas compare with Leyden provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leyden Tax Rate
1.52%
Average Franklin County Tax Rate
1.69%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leyden, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01301 | 1.52% | 1.52% | 1.52% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Leyden, Massachusetts
In Leyden, 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 Franklin 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 Leyden, 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 Leyden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4,464, found in the 01301 zip code.
Average Leyden Assessed Value
$294,050
Average Franklin County Assessed Value
$252,600
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leyden, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01301 | $175,660 | $229,085 | $294,050 | $352,825 | $461,830 |
Source: Ownwell
Property Tax Bills Across Leyden, Massachusetts
In Leyden, 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 valuation process considers various factors, such as the property's size, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Leyden can expect to pay property taxes that vary significantly based on their property's assessed value. For example, the tax bill for properties in the 25th percentile is around $3,477, while those in the 75th percentile pay approximately $5,356. Properties in the 90th percentile see tax bills as high as $7,011. These figures highlight the impact of property assessments on tax obligations, with higher-valued properties incurring higher tax bills. Comparatively, the national median property tax rate is 0.99%, making Leyden's tax rates a crucial factor for homeowners to consider when budgeting for annual expenses.
Average Leyden Tax Bill
$4,464
Average Franklin County Tax Bill
$4,270
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Leyden, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01301 | $2,666 | $3,477 | $4,464 | $5,356 | $7,011 |
Source: Ownwell