North Grafton, Massachusetts Property Taxes
The median property tax rate in North Grafton, MA is 1.57%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in North Grafton at $400,600, the typical annual property tax bill reaches $6,293, exceeding the national median of $2,690. Property taxes in North Grafton 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 North Grafton'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 North Grafton 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
North Grafton, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$6,289
Ownwell’s North Grafton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Grafton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Grafton 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 North Grafton, Massachusetts
Property taxes in North Grafton, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Grafton is 1.57%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within North Grafton set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Grafton 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 North Grafton's effective property tax rate to other areas in Massachusetts and the national median. For comparison, the 01536 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these areas compare with North Grafton 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 North Grafton Tax Rate
1.57%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Grafton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01536 | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across North Grafton, Massachusetts
In North Grafton, 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 North Grafton, 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. The median home price stands at $400,600, with the 25th percentile tax bill at $5,308 and the 75th percentile tax bill at $7,908. Notably, the highest and lowest median tax bills are both $6,293 in the 01536 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across North Grafton, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average North Grafton Assessed Value
$400,600
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 North Grafton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01536 | $296,200 | $337,900 | $400,600 | $503,400 | $718,040 |
Source: Ownwell
Property Tax Bills Across North Grafton, Massachusetts
In North Grafton, property tax bills are calculated based on the assessed value of the home and the local tax rate set by Worcester County. The assessed value is determined by the county assessor and reflects the estimated market value of the property. Homeowners in North Grafton experience a range of property tax bills, with the 25th percentile at $5,308 and the 75th percentile at $7,908, indicating a significant variation depending on property value and specific neighborhood factors. The highest median tax bill in the area is $6,293, which is notably higher than the national median property tax rate of 0.99%. This can impact homeowners by increasing their annual housing costs, particularly for those with homes assessed at higher values. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Understanding these elements can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average North Grafton Tax Bill
$6,293
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across North Grafton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01536 | $4,653 | $5,308 | $6,293 | $7,908 | $11,281 |
Source: Ownwell