Wendell Depot, Massachusetts Property Taxes
The median property tax rate in Wendell Depot, 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 Depot, the typical annual property tax bill reaches $4,321, exceeding the national median of $2,690. Property taxes in Wendell Depot 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 Depot'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 Depot 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 Depot, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.14%
Estimate Property Tax Bill
$4,319
$4,007
Ownwell’s Wendell Depot Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wendell Depot with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wendell Depot 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 Wendell Depot, Massachusetts
Property taxes in Wendell Depot, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wendell Depot 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 Depot set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wendell Depot 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 Depot's effective property tax rate to other areas in Franklin County and the national median. For comparison, the zip code 01380 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 Depot 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 Depot 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 Depot, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01380 | 2.14% | 2.14% | 2.14% | 2.14% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Wendell Depot, Massachusetts
In Wendell Depot, 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 Depot, 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 Wendell Depot helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Franklin County, the median home price is $201,800, with the 25th percentile tax bill at $3,624 and the 75th percentile at $5,644. The highest and lowest median tax bills are both $4,321 in the 01380 zip code.
Property Tax Assessment Values Across Wendell Depot, Massachusetts
Source: Ownwell
$41,900
$262,550
$483,200
Average Wendell Depot Assessed Value
$201,800
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 Depot, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01380 | $75,440 | $169,250 | $201,800 | $263,600 | $312,040 |
Source: Ownwell
Property Tax Bills Across Wendell Depot, Massachusetts
In Wendell Depot, located in Franklin County, MA, property tax bills are calculated based on the assessed value of the home and the local tax rate. Homeowners in this area face a median home price of $201,800. The tax bill is determined by multiplying the assessed value of the property by the local tax rate, which can vary within the county. Factors such as property size, location, and any improvements made to the property can influence its assessed value. For homeowners in Wendell Depot, the property tax burden can range significantly. At the 25th percentile, tax bills are around $3,624, while at the 75th percentile, they can reach $5,644. For those at the 90th percentile, tax bills can be as high as $6,681. These figures indicate that property taxes can have a substantial impact on household budgets, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Wendell Depot Tax Bill
$4,321
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 Depot, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01380 | $1,615 | $3,624 | $4,321 | $5,644 | $6,681 |
Source: Ownwell