Chelmsford, Massachusetts Property Taxes
The median property tax rate in Chelmsford, MA is 1.44%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Chelmsford, the typical annual property tax bill reaches $7,797, exceeding the national median of $2,690. Property taxes in Chelmsford 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 Chelmsford'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 Chelmsford 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
Chelmsford, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$7,813
Ownwell’s Chelmsford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chelmsford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chelmsford 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 Chelmsford, Massachusetts
Property taxes in Chelmsford, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chelmsford is 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Chelmsford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chelmsford 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 Chelmsford's effective property tax rate to other areas in Middlesex County and the national median. For comparison, Chelmsford's zip code 01824 has a median property tax rate of 1.44%. Understanding how these figures compare with Chelmsford 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 Chelmsford Tax Rate
1.44%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chelmsford, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01824 | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Chelmsford, Massachusetts
In Chelmsford, 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 Chelmsford, 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 Chelmsford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 01824 has the highest median tax bill at $7,797, which is significant compared to the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Chelmsford, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average Chelmsford Assessed Value
$542,550
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 Chelmsford, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01824 | $345,300 | $464,300 | $542,550 | $632,400 | $741,800 |
Source: Ownwell
Property Tax Bills Across Chelmsford, Massachusetts
In Chelmsford, Middlesex County, MA, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The assessed value is determined by the town's assessors, who evaluate the market value of the property. This assessed value is then multiplied by the local tax rate to generate the annual tax bill. For homeowners in Chelmsford, the median home price stands at $542,550. Property tax bills can vary significantly, with the 25th percentile tax bill at $6,672 and the 75th percentile at $9,088. At the 90th percentile, homeowners might see tax bills as high as $10,659. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the region's higher property values and tax rates. Understanding these factors is crucial for homeowners, as property taxes represent a significant annual expense. Accurate assessments ensure that homeowners pay their fair share, contributing to vital public services and community infrastructure.
Average Chelmsford Tax Bill
$7,797
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Chelmsford, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01824 | $4,962 | $6,672 | $7,797 | $9,088 | $10,659 |
Source: Ownwell