Wendell, Massachusetts Property Taxes
The median property tax rate in Wendell, MA is 2.14%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Wendell, the typical annual property tax bill reaches $4,424, exceeding the national median of $2,690. Property taxes in Wendell 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 Wendell'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 Wendell 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
Wendell, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.14%
Estimate Property Tax Bill
$4,422
Ownwell’s Wendell Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate annual property taxes in Wendell with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Wendell to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more granular insights, you can scroll down to explore trends on a neighborhood level. Your property’s assessed value is determined by Franklin County for tax purposes, taking into consideration any applicable exemptions.
Property Tax Rates Across Wendell, Massachusetts
Property taxes in Wendell, Massachusetts, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Wendell is 2.14%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Wendell set these rates annually, and they can vary across different neighborhoods. Each year, Wendell 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 Wendell's effective property tax rate to other areas in Massachusetts and the national median. For comparison, the zip code 01379 has the highest median property tax rate of 2.14%, while the same zip code also has the lowest median tax rate of 2.14%. Understanding how these areas compare with Wendell provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wendell Tax Rate
2.14%
Average Franklin County Tax Rate
1.69%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wendell, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01379 | 2.14% | 2.14% | 2.14% | 2.14% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Wendell, Massachusetts
In Wendell, 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 Franklin 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 Wendell, 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. For instance, the highest and lowest median tax bills in Wendell both stand at $4,424 in the 01379 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wendell Assessed Value
$206,650
Average Franklin County Assessed Value
$252,600
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wendell, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01379 | $99,400 | $148,800 | $206,650 | $263,289 | $323,200 |
Source: Ownwell
Property Tax Bills Across Wendell, Massachusetts
In Wendell, located in Franklin County, MA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimate of the property's market value, which is periodically updated to reflect current market conditions. Several factors influence the assessed value, including the property's size, location, and condition. For homeowners in Wendell, the median home price stands at $206,650. The property tax rate in this area significantly impacts annual tax bills, with the 25th percentile tax bill at $3,186 and the 75th percentile reaching $5,628. At the 90th percentile, homeowners can expect to pay around $6,898 annually. These tax bills are notably higher than the national median property tax rate of 0.99%, reflecting the local government's need to fund public services such as schools, infrastructure, and emergency services. Consequently, homeowners must budget for these expenses, which can represent a substantial portion of their annual costs.
Average Wendell Tax Bill
$4,424
Average Franklin County Tax Bill
$4,270
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Wendell, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01379 | $2,128 | $3,186 | $4,424 | $5,628 | $6,898 |
Source: Ownwell