Dudley, Massachusetts Property Taxes
The median property tax rate in Dudley, MA is 1.05%, 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 $359,500, the typical annual property tax bill in Dudley reaches $3,768, significantly exceeding the national median of $2,690. Property taxes in Dudley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Dudley'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 Dudley 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
Dudley, 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 Dudley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dudley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dudley 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 Dudley, Massachusetts
Property taxes in Dudley, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dudley is 1.05%, which is higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Dudley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dudley 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 Dudley's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01571 zip code has the highest median property tax rate of 1.05%, while the same 01571 zip code also has the lowest median tax rate of 1.05%. Understanding how these areas compare with Dudley 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 Dudley Tax Rate
1.05%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dudley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01571 | 1.05% | 1.05% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Dudley, Massachusetts
In Dudley, 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 Dudley, 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. The median home price in Dudley is $359,500, with tax bills ranging from $3,143 at the 25th percentile to $5,636 at the 90th percentile. The highest and lowest median tax bills are both $3,768, found in the 01571 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dudley Assessed Value
$359,500
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 Dudley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01571 | $257,000 | $299,900 | $359,500 | $446,150 | $537,850 |
Source: Ownwell
Property Tax Bills Across Dudley, Massachusetts
In Dudley, located in Worcester County, MA, 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 town's assessor and reflects the estimated market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, condition, and recent sales of comparable properties in the area. For homeowners in Dudley, the median home price is $359,500. Property tax bills can vary significantly, with the 25th percentile at $3,143 and the 75th percentile at $4,676. The 90th percentile reaches up to $5,636, indicating that higher-value homes incur larger tax bills. Comparatively, Dudley's median property tax rate is above the national median of 0.99%, impacting homeowners by contributing to their annual financial obligations. Understanding these factors helps homeowners anticipate their property tax expenses and plan accordingly.
Average Dudley Tax Bill
$3,768
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Dudley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01571 | $2,693 | $3,143 | $3,768 | $4,676 | $5,636 |
Source: Ownwell