Roslindale, Massachusetts Property Taxes
The median property tax rate in Roslindale, MA is 1.07%, which is higher than the national median of 0.99% but lower than the Massachusetts state median of 1.23%. With a median home value of $618,900 in Roslindale, the typical annual property tax bill reaches $6,647, significantly exceeding the national median of $2,690. Property taxes in Roslindale are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Roslindale'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 Roslindale 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
Roslindale, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$6,622
Ownwell’s Roslindale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roslindale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roslindale 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 Suffolk County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Roslindale, Massachusetts
Property taxes in Roslindale, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roslindale is 1.07%, higher than the U.S. national median of 0.99%. Local government entities within Roslindale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roslindale 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 Roslindale's effective property tax rate to other areas in Suffolk County and the national median. For comparison, the 02131 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these areas compare with Roslindale provides valuable insights into the varying tax landscape across Suffolk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roslindale Tax Rate
1.07%
Average Suffolk County Tax Rate
1.07%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roslindale, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02131 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Roslindale, Massachusetts
In Roslindale, 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 Suffolk 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 Roslindale, 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 Roslindale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Roslindale is $618,900, with the highest median tax bill recorded at $6,647 in the 02131 zip code.
Property Tax Assessment Values Across Roslindale, Massachusetts
Source: Ownwell
$84,600
$1,690,350
$3,296,100
Average Roslindale Assessed Value
$618,900
Average Suffolk County Assessed Value
$641,300
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roslindale, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02131 | $390,500 | $491,800 | $618,900 | $745,600 | $876,570 |
Source: Ownwell
Property Tax Bills Across Roslindale, Massachusetts
In Roslindale, Suffolk County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Roslindale is $618,900. Property taxes are determined by multiplying this assessed value by the tax rate set by local authorities. Several factors influence the assessed value, including the property's size, location, and condition, as well as recent sales of similar properties in the area. Homeowners in Roslindale face varying tax bills, with the 25th percentile tax bill at $5,282 and the 75th percentile reaching $8,008. For those in the 90th percentile, tax bills can go up to $9,415. The median tax bill in the highest and lowest zip codes is $6,647, which is significantly higher than the national median property tax rate of 0.99%. These property taxes fund essential local services, including schools, public safety, and infrastructure. Consequently, higher property taxes can impact homeowners by increasing their overall housing costs. However, they also contribute to the quality of life and community services in Roslindale.
Average Roslindale Tax Bill
$6,647
Average Suffolk County Tax Bill
$6,836
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Roslindale, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02131 | $4,194 | $5,282 | $6,647 | $8,008 | $9,415 |
Source: Ownwell