Shirley, Massachusetts Property Taxes
The median property tax rate in Shirley, MA is 1.42%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Shirley at $360,100, the typical annual property tax bill reaches $5,106, exceeding the national median of $2,690. Property taxes in Shirley 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 Shirley'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 Shirley 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
Shirley, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$5,113
Ownwell’s Shirley Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and prospective buyers looking to estimate their annual property taxes in Shirley. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in Shirley to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you plan and budget effectively. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Middlesex County, is used for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Shirley, Massachusetts
Property taxes in Shirley, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shirley is 1.42%, significantly higher than the U.S. national median of 0.99%. Local government entities within Shirley set these rates annually, and they can vary across different neighborhoods. Each year, Shirley 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 Shirley's effective property tax rate to other areas in Massachusetts and the national median. For comparison, the zip code 01464 has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Shirley 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 Shirley Tax Rate
1.42%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shirley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01464 | 1.42% | 1.42% | 1.42% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Shirley, Massachusetts
In Shirley, 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 Shirley, 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 Shirley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Shirley's highest and lowest median tax bills are $5,106, both in zip code 01464.
Property Tax Assessment Values Across Shirley, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average Shirley Assessed Value
$360,100
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 Shirley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01464 | $210,599 | $287,600 | $360,100 | $464,600 | $542,400 |
Source: Ownwell
Property Tax Bills Across Shirley, Massachusetts
In Shirley, MA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessment considers various factors, including the property's size, location, and condition, as well as recent sales of comparable properties in the area. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Shirley face a median property tax bill of $5,106, which is significantly higher than the national median of 0.99%. For properties in the 25th percentile, tax bills are around $4,078, while those in the 75th percentile can expect to pay approximately $6,588. The highest tax bills, in the 90th percentile, reach up to $7,691. These tax obligations can have a substantial impact on homeowners, influencing their overall cost of living and potentially affecting their decisions about property investments and home improvements.
Average Shirley Tax Bill
$5,106
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Shirley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01464 | $2,986 | $4,078 | $5,106 | $6,588 | $7,691 |
Source: Ownwell