Auburndale, Middlesex County, Massachusetts Property Taxes
The median property tax rate in Auburndale, MA is 1.02%, slightly higher than the national median of 0.99% but lower than the Massachusetts state median of 1.23%. With the median home value in Auburndale at $1,014,400, the typical annual property tax bill reaches $10,327, significantly exceeding the national median of $2,690. Property taxes in Auburndale 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 Auburndale'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 Auburndale 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
Auburndale, Middlesex County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$10,347
$9,602
Ownwell’s Auburndale Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Auburndale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburndale to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Auburndale, Middlesex County, Massachusetts
Property taxes in Auburndale, Massachusetts, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburndale is 1.02%, slightly higher than the U.S. national median of 0.99%. Local government entities within Auburndale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburndale 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 Auburndale's effective property tax rate to other areas in Middlesex County and the national median. For comparison, the zip code 02466 has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Auburndale provides valuable insights into the varying tax landscape across Middlesex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburndale Tax Rate
1.02%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburndale, Middlesex County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02466 | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Auburndale, Middlesex County, Massachusetts
In Auburndale, 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 Middlesex 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 Auburndale, 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 Auburndale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Auburndale is $1,014,400, with tax bills ranging from $8,173 at the 25th percentile to $17,416 at the 90th percentile. The zip code 02466 has the highest and lowest median tax bill of $10,327.
Property Tax Assessment Values Across Auburndale, Middlesex County, Massachusetts
Source: Ownwell
$320,300
$928,425
$1,536,550
Average Auburndale Assessed Value
$1,014,400
Average Middlesex County Assessed Value
$633,600
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburndale, Middlesex County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02466 | $645,780 | $802,800 | $1,014,400 | $1,281,700 | $1,710,820 |
Source: Ownwell
Property Tax Bills Across Auburndale, Middlesex County, Massachusetts
In Auburndale, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in Middlesex County, where Auburndale is located, experience property tax rates that are significantly above the national median rate of 0.99%. The median home price in Auburndale is $1,014,400, which means that property taxes can be substantial. Factors considered in determining the tax bill include the assessed value of the property, which is influenced by the market value, and any applicable exemptions or deductions. For example, the tax bill for the 25th percentile is $8,173, while the 75th percentile sees a tax bill of $13,048. Those at the 90th percentile face even higher taxes, with bills reaching $17,416. The highest and lowest median tax bills in the area are both $10,327, found in the 02466 zip code. These property taxes can significantly impact homeowners, affecting their overall cost of living and financial planning.
Property Tax Bills Across Auburndale, Middlesex County, Massachusetts
Source: Ownwell
$4,294
$11,232
$18,170
Average Auburndale Tax Bill
$10,327
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburndale, Middlesex County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02466 | $6,655 | $8,173 | $10,327 | $13,048 | $17,416 |
Source: Ownwell