Bolton, Massachusetts Property Taxes
The median property tax rate in Bolton, MA is 1.75%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Bolton at $671,250, the typical annual property tax bill reaches $11,747, far exceeding the national median of $2,690. Property taxes in Bolton 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 Bolton'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 Bolton or another part of Worcester County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bolton, 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 Bolton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bolton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bolton 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 Worcester County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bolton, Massachusetts
Property taxes in Bolton, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bolton is 1.75%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bolton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bolton 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 Bolton's effective property tax rate to other areas in Worcester County and the national median. For comparison, the zip code 01740 in Bolton has the highest median property tax rate of 1.75%, while the same zip code also has the lowest median tax rate of 1.75%. Understanding how these figures compare with Bolton provides valuable insights into the varying tax landscape across Worcester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bolton Tax Rate
1.75%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bolton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01740 | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Bolton, Massachusetts
In Bolton, 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 Worcester 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 Bolton, 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 Bolton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bolton are both $11,747 in the zip code 01740.
Average Bolton Assessed Value
$671,250
Average Worcester County Assessed Value
$360,000
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bolton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01740 | $417,370 | $518,325 | $671,250 | $836,875 | $1,003,890 |
Source: Ownwell
Property Tax Bills Across Bolton, Massachusetts
In Bolton, Worcester County, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the city’s assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Bolton can expect their tax bills to vary widely. For instance, the 25th percentile tax bill is approximately $9,070, while those in the 75th percentile pay around $14,646. At the 90th percentile, tax bills can reach up to $17,568. These property taxes significantly impact homeowners, as they can represent a substantial portion of annual expenses. With a median home price of $671,250, Bolton's property tax rates are relatively high compared to the national median property tax rate of 0.99%. This underscores the importance of understanding property tax calculations and their implications for financial planning.
Average Bolton Tax Bill
$11,747
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Bolton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01740 | $7,304 | $9,070 | $11,747 | $14,646 | $17,568 |
Source: Ownwell