Westborough, Massachusetts Property Taxes
The median property tax rate in Westborough, MA is 1.58%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Westborough at $594,850, the typical annual property tax bill reaches $9,404, far exceeding the national median of $2,690. Property taxes in Westborough 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 Westborough'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 Westborough 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
Westborough, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$9,399
Ownwell’s Westborough Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westborough with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westborough 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 Westborough, Massachusetts
Property taxes in Westborough, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westborough is 1.58%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Westborough set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westborough 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 Westborough's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01581 zip code has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with Westborough 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 Westborough Tax Rate
1.58%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westborough, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01581 | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Westborough, Massachusetts
In Westborough, 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. 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 Westborough helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 01581 has both the highest and lowest median tax bills in Westborough, with a median tax bill of $9,404.
Property Tax Assessment Values Across Westborough, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average Westborough Assessed Value
$594,850
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 Westborough, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01581 | $517,370 | $546,425 | $594,850 | $643,275 | $672,330 |
Source: Ownwell
Property Tax Bills Across Westborough, Massachusetts
In Westborough, located in Middlesex County, MA, property tax bills are calculated based on the assessed value of the home and the local property tax rate. The median home price in Westborough is $594,850, and property taxes are determined by multiplying the assessed home value by the local tax rate. For homeowners, this means that higher home values typically result in higher tax bills. Factors such as property size, location, and condition significantly influence the assessed value. For example, homes in the 25th percentile have tax bills around $8,639, while those in the 75th percentile face bills of approximately $10,170. The 90th percentile sees even higher tax bills, reaching up to $10,630. Compared to the national median property tax rate of 0.99%, Westborough's property tax rates lead to substantial tax bills, impacting homeowners' annual expenses significantly. The highest and lowest median tax bills in Westborough are both $9,404, indicating a consistent tax rate across different areas within the city.
Average Westborough Tax Bill
$9,404
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Westborough, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01581 | $8,179 | $8,639 | $9,404 | $10,170 | $10,630 |
Source: Ownwell