Boxborough, Massachusetts Property Taxes
The median property tax rate in Boxborough, MA is 1.55%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Boxborough at $569,300, the typical annual property tax bill reaches $8,836, exceeding the national median of $2,690. Property taxes in Boxborough 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 Boxborough'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 Boxborough 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
Boxborough, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$8,824
$8,189
Ownwell’s Boxborough Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boxborough with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boxborough 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 Boxborough, Massachusetts
Property taxes in Boxborough, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boxborough is 1.55%, significantly higher than the U.S. national median of 0.99%. Local government entities within Boxborough set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boxborough 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 Boxborough's effective property tax rate to other areas in Middlesex County and the national median. For comparison, the 01719 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these areas compare with Boxborough 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 Boxborough Tax Rate
1.55%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boxborough, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01719 | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Boxborough, Massachusetts
In Boxborough, 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. Assessment notices in Boxborough 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 median home price in Boxborough is $569,300, with tax bills ranging significantly. The 25th percentile tax bill is $2,528, while the 75th percentile reaches $12,425, and the 90th percentile hits $15,163. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Boxborough, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average Boxborough Assessed Value
$569,300
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 Boxborough, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01719 | $138,020 | $162,900 | $569,300 | $800,600 | $977,000 |
Source: Ownwell
Property Tax Bills Across Boxborough, Massachusetts
In Boxborough, Middlesex County, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town's assessors, who evaluate the property based on various factors such as location, size, and market conditions. For instance, with a median home price of $569,300, homeowners can expect their property tax bills to vary significantly. Factors such as property improvements and neighborhood developments can influence the assessed value, subsequently affecting the tax bill. In Boxborough, the tax bill can range from $2,528 at the 25th percentile to $15,163 at the 90th percentile, highlighting the variability based on property characteristics. The highest median tax bill recorded in the area is $8,836, which aligns with the local zip code 01719. These property taxes fund essential public services like education, infrastructure, and emergency services. Homeowners need to be aware of these assessments as they can impact their annual budgeting and long-term financial planning.
Average Boxborough Tax Bill
$8,836
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Boxborough, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01719 | $2,147 | $2,528 | $8,836 | $12,425 | $15,163 |
Source: Ownwell