Ipswich, Essex County, Massachusetts Property Taxes

Name: Property Tax Bills Across Ipswich, Essex County, Massachusetts
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Ipswich, MA effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Ipswich, MA home value: $672,450
Median annual Ipswich, MA tax bill: $7,652, $5,252 higher than the national median property tax bill of $2,400.

How are property taxes in Essex calculated?

Property taxes in Ipswich, MA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Ipswich’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ipswich, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Ipswich, Essex County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$7,666

$7,114

Ownwell’s Ipswich Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ipswich with just two data points.

By entering your property's estimated assessed value, our calculator applies Ipswich’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Essex County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Essex County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ipswich, Essex County, Massachusetts

Local government entities are responsible for setting tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell. In Ipswich, located in Essex County, Massachusetts, the effective property tax rate is aligned with the highest and lowest median tax rates in the area, standing at 1.14%. This rate is above the national median property tax rate of 1.02%. When comparing Ipswich’s tax rate to other cities in Massachusetts, it is evident that property tax rates can vary significantly within the state. Understanding how these rates are calculated and how they compare to national figures can provide valuable insights for homeowners and potential buyers navigating the property tax landscape.

Property Tax Rates Across Ipswich, Essex County, Massachusetts

Source: Ownwell

0.77%

1.25%

1.74%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Ipswich Tax Rate

1.14%

Median Effective Essex County Tax Rate

1.12%

Median Effective Massachusetts Tax Rate

1.23%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ipswich, Essex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01938	1.14%	1.14%	1.14%	1.14%	1.14%

Source: Ownwell

Property Tax Assessment Values Across Ipswich, Essex County, Massachusetts

When examining property taxes in Ipswich, MA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Essex County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Essex County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Ipswich.

For example, the median home price in Ipswich is $672,450, with tax bills ranging significantly across the county. The zip code 01938 has the highest median home price at $672,450.

Property Tax Assessment Values Across Ipswich, Essex County, Massachusetts

Source: Ownwell

$258,000

$568,450

$878,900

Median Ipswich Market Value

$672,450

Median Essex County Market Value

$545,500

Median Massachusetts Market Value

$492,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ipswich, Essex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01938	$431,400	$538,725	$672,450	$896,728	$1,151,635

Source: Ownwell

Property Tax Bills Across Ipswich, Essex County, Massachusetts

In Ipswich, Essex County, MA, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and market conditions influence the assessed value. Ipswich homeowners face a significant tax burden, with the median tax bill reaching $7,652, which is considerably higher than the national median of $2,400. This can place a substantial financial strain on homeowners, especially when their property’s assessed value does not accurately reflect its true market value.

Ownwell assists homeowners by providing property tax appeal services, aiming to reduce the assessed value and, consequently, the tax bill. By leveraging local expertise and data analysis, Ownwell identifies discrepancies in property assessments and files appeals on behalf of homeowners. This service can lead to significant savings, alleviating the financial pressure of high property taxes and ensuring homeowners pay only their fair share.

Property Tax Bills Across Ipswich, Essex County, Massachusetts

Source: Ownwell

$2,621

$8,030

$13,438

Median Ipswich Tax Bill

$7,652

Median Essex County Tax Bill

$6,145

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Ipswich, Essex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01938	$4,909	$6,130	$7,652	$10,207	$13,107

Source: Ownwell