North Reading, Middlesex County, Massachusetts Property Taxes

Name: Property Tax Bills Across North Reading, Middlesex County, Massachusetts
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median North Reading, MA effective property tax rate: 1.40%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median North Reading, MA home value: $624,600
Median annual North Reading, MA tax bill: $8,738, $6,338 higher than the national median property tax bill of $2,400.

How are property taxes in Middlesex calculated?

Property taxes in North Reading, MA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding North Reading’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in North Reading, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

North Reading, Middlesex County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.4%

Estimate Property Tax Bill

$8,744

$8,115

Ownwell’s North Reading Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in North Reading with just two data points. By entering your property's estimated assessed value, our calculator applies North Reading’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Middlesex. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across North Reading, Middlesex County, Massachusetts

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

North Reading in Middlesex County, MA, has an effective property tax rate of 1.40%, which is notably higher than the national median of 1.02%. This rate places North Reading among the highest in Massachusetts, reflecting the state's trend of higher property tax rates compared to the U.S. average. The property tax bill in North Reading is also likely to exceed the national median bill of $2,400, given its higher tax rate. These figures highlight the importance of understanding local tax obligations and the potential benefits of property tax appeal services. By comparing North Reading's tax rate to other cities in Massachusetts and the national average, property owners can better assess their tax situation and explore opportunities for tax relief.

Property Tax Rates Across North Reading, Middlesex County, Massachusetts

Source: Ownwell

0.59%

1.24%

1.90%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective North Reading Tax Rate

1.40%

Median Effective Middlesex County Tax Rate

1.22%

Median Effective Massachusetts Tax Rate

1.23%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across North Reading, Middlesex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01864	1.40%	1.40%	1.40%	1.40%	1.40%

Source: Ownwell

Property Tax Assessment Values Across North Reading, Middlesex County, Massachusetts

When examining property taxes in North Reading, MA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Middlesex County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Middlesex County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in North Reading.

For example, the median home price in North Reading is $624,600, with tax bills ranging significantly across the county. Zip code 01864 has the highest median home price at $624,600.

Property Tax Assessment Values Across North Reading, Middlesex County, Massachusetts

Source: Ownwell

$320,300

$928,425

$1,536,550

Median North Reading Market Value

$624,600

Median Middlesex County Market Value

$633,600

Median Massachusetts Market Value

$492,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across North Reading, Middlesex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01864	$396,000	$501,700	$624,600	$831,550	$1,040,720

Source: Ownwell

Property Tax Bills Across North Reading, Middlesex County, Massachusetts

In North Reading, Middlesex County, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate is applied to this assessed value to determine the tax bill. In this city, the median home price is $624,600, leading to tax bills that range significantly. For instance, homeowners at the 25th percentile pay around $7,019, while those at the 75th percentile face bills of $11,634, and the 90th percentile sees bills as high as $14,560. This is notably higher than the national median property tax bill of $2,400. High property taxes can be a burden for homeowners, impacting monthly budgets and overall financial planning. Ownwell assists homeowners by reviewing their property assessments and identifying opportunities for appeals or exemptions. By leveraging expertise in local tax regulations, Ownwell can help reduce tax liabilities, ensuring homeowners pay only their fair share. This service not only alleviates financial stress but also maximizes savings.

Property Tax Bills Across North Reading, Middlesex County, Massachusetts

Source: Ownwell

$4,294

$11,232

$18,170

Median North Reading Tax Bill

$8,738

Median Middlesex County Tax Bill

$7,427

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across North Reading, Middlesex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01864	$5,540	$7,019	$8,738	$11,634	$14,560

Source: Ownwell