Everett, Massachusetts Property Taxes
The median property tax rate in Everett, MA is 1.18%, considerably higher than the national median of 0.99% but slightly below the Massachusetts state median of 1.23%. With a median home value of $564,300 in Everett, the typical annual property tax bill reaches $6,644, significantly exceeding the national median of $2,690. Property taxes in Everett 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 Everett'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 Everett 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
Everett, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Everett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Everett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Everett 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 Everett, Massachusetts
Property taxes in Everett, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Everett is 1.18%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Everett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Everett 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 Everett's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 02149 has the highest median property tax rate of 1.18%, while the same zip code 02149 also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Everett provides valuable insights into the varying tax landscape across Middlesex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Everett Tax Rate
1.18%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Everett, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02149 | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Everett, Massachusetts
In Everett, 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 Middlesex 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 Everett, 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 Everett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 02149, with a tax bill of $6,644.
Property Tax Assessment Values Across Everett, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average Everett Assessed Value
$564,300
Average Middlesex County Assessed Value
$633,600
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Everett, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02149 | $323,400 | $458,750 | $564,300 | $696,050 | $806,600 |
Source: Ownwell
Property Tax Bills Across Everett, Massachusetts
In Everett, located in Middlesex County, MA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Everett is $564,300, and the property tax rate is applied to this assessed value to determine your tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the overall tax bill. Homeowners in Everett see a range of property tax bills depending on their home's assessed value. For example, the 25th percentile tax bill is $5,403, while the 75th percentile reaches $8,200, and the 90th percentile can be as high as $9,502. The median property tax bill in Everett stands at $6,644, which is significantly higher than the national median property tax rate of 0.99%. This high property tax burden can affect homeowners by increasing their annual expenses, making it essential to understand how these taxes are calculated and what factors contribute to the final amount.
Average Everett Tax Bill
$6,644
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Everett, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02149 | $3,810 | $5,403 | $6,644 | $8,200 | $9,502 |
Source: Ownwell