Amesbury, Massachusetts Property Taxes
The median property tax rate in Amesbury, MA is 1.63%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Amesbury at $450,000, the typical annual property tax bill reaches $7,353, exceeding the national median of $2,690. Property taxes in Amesbury 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 Amesbury'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 Amesbury 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
Amesbury, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$7,335
$6,807
Ownwell’s Amesbury Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Amesbury. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Amesbury to provide an accurate estimate of your property tax bill. This tool is designed to help you understand your potential tax liabilities with ease. For those interested in more detailed insights, including trends at the neighborhood level, additional localized information is available as you scroll down. Your property’s assessed value, determined by Essex County, is used for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Amesbury, Massachusetts
Property taxes in Amesbury, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amesbury is 1.63%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Amesbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amesbury 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 Amesbury's effective property tax rate to other areas in Essex County and the national median. For comparison, the zip code 01913 has both the highest and lowest median property tax rate of 1.63%. Understanding how these areas compare with Amesbury provides valuable insights into the varying tax landscape across Essex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amesbury Tax Rate
1.63%
Average Essex County Tax Rate
1.12%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amesbury, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01913 | 1.63% | 1.63% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Amesbury, Massachusetts
In Amesbury, 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 Essex 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 Amesbury, 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 Amesbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Amesbury is $450,000. The highest median tax bill is $7,353 in zip code 01913, which also has the lowest median tax bill at the same value. The 25th percentile tax bill is $5,974, the 75th percentile is $9,170, and the 90th percentile is $11,061.
Property Tax Assessment Values Across Amesbury, Massachusetts
Source: Ownwell
$258,000
$802,500
$1,347,000
Average Amesbury Assessed Value
$450,000
Average Essex County Assessed Value
$545,500
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amesbury, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01913 | $217,300 | $365,700 | $450,000 | $561,200 | $676,900 |
Source: Ownwell
Property Tax Bills Across Amesbury, Massachusetts
In Amesbury, Essex County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The city's median home price stands at $450,000. Property taxes are determined by multiplying the assessed value of the property by the local tax rate. This process ensures that homeowners contribute a fair share to community services and infrastructure. Several factors influence the assessed value, including market conditions, property size, and improvements made to the home. For homeowners in Amesbury, the tax bill can vary significantly. At the 25th percentile, the tax bill is around $5,974, while at the 75th percentile, it reaches approximately $9,170. Those at the 90th percentile see tax bills as high as $11,061. Comparatively, the highest and lowest median tax bills in Amesbury are both $7,353, indicating a relatively consistent tax rate across different properties. These figures highlight the importance of understanding property assessments and the local tax rate, as they directly impact homeowners' annual expenses.
Average Amesbury Tax Bill
$7,353
Average Essex County Tax Bill
$6,145
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Amesbury, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01913 | $3,551 | $5,974 | $7,353 | $9,170 | $11,061 |
Source: Ownwell