Framingham, Middlesex County, Massachusetts Property Taxes
The median property tax rate in Framingham, MA is 1.31%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Framingham at $479,500, the typical annual property tax bill reaches $6,275, exceeding the national median of $2,690. Property taxes in Framingham 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 Framingham'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 Framingham 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
Framingham, Middlesex County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$6,281
$5,829
Ownwell’s Framingham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Framingham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Framingham 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 Framingham, Middlesex County, Massachusetts
Property taxes in Framingham, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Framingham is 1.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Framingham set these rates annually, and they can vary across different neighborhoods. Each year, Framingham 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 Framingham's effective property tax rate to other areas in Middlesex County and the national median. For comparison, the 01702 zip code has the highest median property tax rate of 1.31%, while the 01701 zip code has the lowest median tax rate of 1.31%. Understanding how these areas compare with Framingham 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 Framingham Tax Rate
1.31%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Framingham, Middlesex County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01701 | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
| 01702 | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Framingham, Middlesex County, Massachusetts
In Framingham, 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 Framingham, 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 median tax bill in Framingham is $6,546 in the 01701 zip code, while the lowest is $5,652 in the 01702 zip code. 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 Framingham, Middlesex County, Massachusetts
Source: Ownwell
$320,300
$928,425
$1,536,550
Average Framingham Assessed Value
$479,500
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 Framingham, Middlesex County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01701 | $380,010 | $435,200 | $500,400 | $607,500 | $769,870 |
| 01702 | $177,500 | $295,900 | $431,800 | $538,100 | $646,500 |
Source: Ownwell
Property Tax Bills Across Framingham, Middlesex County, Massachusetts
In Framingham, Middlesex County, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value and applies a percentage to establish its taxable value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Framingham can expect varying tax bills. For example, the 25th percentile tax bill is around $5,242, while the 75th percentile reaches approximately $7,591. The 90th percentile tax bill can go up to $9,516. In comparison, the national median property tax rate is 0.99%, making Framingham's property tax rates relatively higher. This impacts homeowners by potentially increasing their annual expenses, which can be significant depending on the property's assessed value. For instance, the highest median tax bill in the area is $6,546 in the 01701 zip code, while the lowest is $5,652 in the 01702 zip code.
Property Tax Bills Across Framingham, Middlesex County, Massachusetts
Source: Ownwell
$4,294
$11,232
$18,170
Average Framingham Tax Bill
$6,275
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Framingham, Middlesex County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01701 | $4,971 | $5,694 | $6,546 | $7,946 | $10,057 |
| 01702 | $2,323 | $3,873 | $5,652 | $7,044 | $8,463 |
Source: Ownwell