Wrentham, Massachusetts Property Taxes
The median property tax rate in Wrentham, MA is 1.26%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Wrentham at $550,600, the typical annual property tax bill reaches $6,945, far exceeding the national median of $2,690. Property taxes in Wrentham 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 Wrentham'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 Wrentham or another part of Norfolk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wrentham, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$6,938
Ownwell’s Wrentham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wrentham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wrentham 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 Wrentham, Massachusetts
Property taxes in Wrentham, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wrentham is 1.26%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Wrentham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wrentham 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 Wrentham's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02093 zip code has the highest median property tax rate of 1.26%, while the 02093 zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Wrentham provides valuable insights into the varying tax landscape across Norfolk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wrentham Tax Rate
1.26%
Average Norfolk County Tax Rate
1.18%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wrentham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02093 | 1.26% | 1.26% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Wrentham, Massachusetts
In Wrentham, 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 Norfolk 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 Wrentham, 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 Wrentham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Wrentham is $550,600, with the median tax bill ranging from $5,455 to $10,736. The zip code 02093 has both the highest and the lowest median tax bill at $6,945.
Property Tax Assessment Values Across Wrentham, Massachusetts
Source: Ownwell
$363,800
$1,318,700
$2,273,600
Average Wrentham Assessed Value
$550,600
Average Norfolk County Assessed Value
$592,100
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wrentham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02093 | $347,120 | $432,475 | $550,600 | $702,100 | $850,970 |
Source: Ownwell
Property Tax Bills Across Wrentham, Massachusetts
In Wrentham, Norfolk County, MA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the local assessor’s office and represents the market value of your property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Wrentham can expect varying tax bills depending on their property’s assessed value. For example, the 25th percentile tax bill is around $5,455, while the 75th percentile tax bill is approximately $8,858. For those in the 90th percentile, the tax bill can reach up to $10,736. The median tax bill in Wrentham stands at $6,945, which is significantly 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. Understanding how your tax bill is calculated can help you anticipate annual expenses and plan your budget accordingly.
Average Wrentham Tax Bill
$6,945
Average Norfolk County Tax Bill
$7,156
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Wrentham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02093 | $4,378 | $5,455 | $6,945 | $8,858 | $10,736 |
Source: Ownwell