Newtonville, Massachusetts Property Taxes
The median property tax rate in Newtonville, 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 Newtonville at $991,900, the typical annual property tax bill reaches $10,098, significantly exceeding the national median of $2,690. Property taxes in Newtonville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Newtonville'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 Newtonville 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
Newtonville, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Newtonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newtonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newtonville 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 Newtonville, Massachusetts
Property taxes in Newtonville, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newtonville is 1.02%, higher than the U.S. national median of 0.99%. Local government entities within Newtonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newtonville 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 Newtonville's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02460 zip code has the highest median property tax rate of 1.02%, while the 02460 zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Newtonville 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 Newtonville 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 Newtonville, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02460 | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Newtonville, Massachusetts
In Newtonville, 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 Newtonville, 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. The median home price in Newtonville is $991,900, with tax bills ranging from $7,754 at the 25th percentile to $16,399 at the 90th percentile. 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 Newtonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Newtonville, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average Newtonville Assessed Value
$991,900
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 Newtonville, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02460 | $576,820 | $758,500 | $991,900 | $1,280,000 | $1,610,940 |
Source: Ownwell
Property Tax Bills Across Newtonville, Massachusetts
In Newtonville, Middlesex County, MA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Newtonville can expect their tax bills to vary significantly, with the 25th percentile tax bill being $7,754 and the 75th percentile reaching $13,030. The 90th percentile tax bill is even higher, at $16,399. These tax bills are influenced by several factors, including the property's location, size, and condition. Newtonville's median home price is $991,900, making it a relatively high-value area compared to the national median property tax rate of 0.99%. Homeowners in this region face substantial tax obligations, with the median tax bill standing at $10,098. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life and property values in the community.
Average Newtonville Tax Bill
$10,098
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Newtonville, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02460 | $5,940 | $7,754 | $10,098 | $13,030 | $16,399 |
Source: Ownwell