Rowley, Massachusetts Property Taxes
The median property tax rate in Rowley, MA is 1.30%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Rowley at $582,550, the typical annual property tax bill reaches $7,585, significantly exceeding the national median of $2,690. Property taxes in Rowley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rowley'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 Rowley 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
Rowley, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$7,573
Ownwell’s Rowley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rowley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rowley 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 Rowley, Massachusetts
Property taxes in Rowley, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rowley is 1.30%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Rowley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rowley 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 Rowley's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01969 zip code has the highest median property tax rate of 1.30%, while the 01969 zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Rowley 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 Rowley Tax Rate
1.30%
Average Essex County Tax Rate
1.12%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rowley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01969 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Rowley, Massachusetts
In Rowley, 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 Rowley, 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 Rowley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Rowley, the zip code 01969 has both the highest and lowest median tax bills at $7,585.
Property Tax Assessment Values Across Rowley, Massachusetts
Source: Ownwell
$258,000
$802,500
$1,347,000
Average Rowley Assessed Value
$582,550
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 Rowley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01969 | $391,000 | $480,875 | $582,550 | $722,050 | $823,900 |
Source: Ownwell
Property Tax Bills Across Rowley, Massachusetts
Property tax bills in Rowley, located in Essex County, MA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. In Rowley, the median home price is $582,550, and the property tax rate is higher than the national median of 0.99%. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Rowley can expect their annual property tax bill to vary significantly. For instance, the 25th percentile tax bill is $6,261, while the 75th percentile reaches up to $9,390. The 90th percentile tax bill can be as high as $10,724. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure.
Average Rowley Tax Bill
$7,585
Average Essex County Tax Bill
$6,145
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Rowley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01969 | $5,091 | $6,261 | $7,585 | $9,390 | $10,724 |
Source: Ownwell