North Chelmsford, Massachusetts Property Taxes
The median property tax rate in North Chelmsford, MA is 1.44%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in North Chelmsford at $417,200, the typical annual property tax bill reaches $5,995, exceeding the national median of $2,690. Property taxes in North Chelmsford 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 North Chelmsford'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 North Chelmsford 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
North Chelmsford, 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 North Chelmsford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Chelmsford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Chelmsford 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 Middlesex County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across North Chelmsford, Massachusetts
Property taxes in North Chelmsford, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Chelmsford is 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Chelmsford set these rates annually, and they can vary across different neighborhoods. Each year, North Chelmsford 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 North Chelmsford's effective property tax rate to other regions in Middlesex County and the national median. For comparison, the zip code 01863 has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these areas compare with North Chelmsford 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 North Chelmsford Tax Rate
1.44%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Chelmsford, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01863 | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across North Chelmsford, Massachusetts
In North Chelmsford, 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 North Chelmsford, 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 North Chelmsford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In North Chelmsford, the median tax bill is $5,995, with the zip code 01863 having both the highest and lowest median tax bills.
Property Tax Assessment Values Across North Chelmsford, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average North Chelmsford Assessed Value
$417,200
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 North Chelmsford, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01863 | $253,800 | $355,750 | $417,200 | $513,000 | $595,900 |
Source: Ownwell
Property Tax Bills Across North Chelmsford, Massachusetts
In North Chelmsford, property tax bills are calculated based on the assessed value of a home, which is determined by the Middlesex County assessor's office. This assessed value is then multiplied by the local property tax rate. Homeowners in North Chelmsford experience a range of property tax bills. For example, the 25th percentile tax bill is around $5,112, while the 75th percentile tax bill reaches approximately $7,372. The 90th percentile tax bill can go as high as $8,563, reflecting the variability based on property value and specific assessments. The median home price in North Chelmsford stands at $417,200, which plays a significant role in determining the overall tax bill. Compared to the national median property tax rate of 0.99%, North Chelmsford's rates can be seen as relatively high, impacting the financial planning and budgeting of homeowners. Understanding these factors helps residents anticipate their annual property tax obligations and plan accordingly.
Average North Chelmsford Tax Bill
$5,995
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across North Chelmsford, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01863 | $3,647 | $5,112 | $5,995 | $7,372 | $8,563 |
Source: Ownwell