Sturbridge, Massachusetts Property Taxes
The median property tax rate in Sturbridge, MA is 1.81%, significantly higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Sturbridge at $334,200, the typical annual property tax bill reaches $6,039, exceeding the national median of $2,690. Property taxes in Sturbridge 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 Sturbridge'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 Sturbridge 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
Sturbridge, 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 Sturbridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sturbridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sturbridge 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 Sturbridge, Massachusetts
Property taxes in Sturbridge, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sturbridge is 1.81%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Sturbridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sturbridge 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 Sturbridge's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01566 zip code has the highest median property tax rate of 1.81%, while the 01566 zip code also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Sturbridge 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 Sturbridge Tax Rate
1.81%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sturbridge, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01566 | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Sturbridge, Massachusetts
In Sturbridge, 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 Sturbridge, 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 Sturbridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Sturbridge is $334,200, with the highest and lowest median tax bills both being $6,039 in the 01566 zip code.
Property Tax Assessment Values Across Sturbridge, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Sturbridge Assessed Value
$334,200
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 Sturbridge, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01566 | $223,500 | $268,400 | $334,200 | $434,100 | $534,300 |
Source: Ownwell
Property Tax Bills Across Sturbridge, Massachusetts
In Sturbridge, Worcester County, MA, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The town assesses the property to determine its value, which is then multiplied by the tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For homeowners in Sturbridge, the median home price is $334,200. With a property tax rate that can result in significant variations, the tax bill for the 25th percentile is $4,850, while for the 75th percentile, it's $7,844. At the 90th percentile, homeowners can expect a tax bill of $9,655. These figures highlight the substantial impact property taxes can have on annual household expenses. Compared to the national median property tax rate of 0.99%, homeowners in Sturbridge may find their tax bills higher, reflecting the local real estate market and municipal budget requirements. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners' financial planning and overall housing affordability.
Average Sturbridge Tax Bill
$6,039
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Sturbridge, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01566 | $4,039 | $4,850 | $6,039 | $7,844 | $9,655 |
Source: Ownwell