Holliston, Massachusetts Property Taxes
The median property tax rate in Holliston, MA is 1.54%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Holliston at $532,100, the typical annual property tax bill reaches $8,194, exceeding the national median of $2,690. Property taxes in Holliston 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 Holliston'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 Holliston 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
Holliston, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$8,194
$7,604
Ownwell’s Holliston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holliston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holliston 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 Middlesex County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Holliston, Massachusetts
Property taxes in Holliston, Massachusetts, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Holliston is 1.54%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Holliston set these rates annually, and they can vary across different neighborhoods. Each year, Holliston 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 Holliston's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 01746 has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Holliston 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 Holliston Tax Rate
1.54%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holliston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01746 | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Holliston, Massachusetts
In Holliston, 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 Holliston, 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 Holliston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Holliston, the median home price is $532,100, with the 25th percentile tax bill at $6,892 and the 75th percentile tax bill at $10,574. The highest and lowest median tax bills are both $8,194 in the 01746 zip code.
Property Tax Assessment Values Across Holliston, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average Holliston Assessed Value
$532,100
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 Holliston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01746 | $371,940 | $447,500 | $532,100 | $686,600 | $885,160 |
Source: Ownwell
Property Tax Bills Across Holliston, Massachusetts
Property tax bills in Holliston, located in Middlesex County, Massachusetts, are calculated based on the assessed value of a property and the local tax rate. The median home price in Holliston is $532,100, and the property tax rate is designed to meet the fiscal needs of the community. Homeowners in Holliston can expect their tax bills to vary significantly, with the 25th percentile at $6,892 and the 75th percentile reaching $10,574. For those in the 90th percentile, tax bills can go up to $13,620. These figures reflect a property tax rate that is notably higher than the national median property tax rate of 0.99%. The highest and lowest median tax bills in Holliston are both $8,194, indicating a uniform application of the tax rate across various properties in the zip code 01746. High property tax bills can impact homeowners by increasing their overall cost of living, but they also contribute to funding essential local services such as schools, public safety, and infrastructure.
Average Holliston Tax Bill
$8,194
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Holliston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01746 | $5,728 | $6,892 | $8,194 | $10,574 | $13,620 |
Source: Ownwell