Wakefield, Middlesex County, Massachusetts Property Taxes

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

Median Wakefield, MA effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Wakefield, MA home value: $645,900
Median annual Wakefield, MA tax bill: $7,576, $5,176 higher than the national median property tax bill of $2,400.

How are property taxes in Middlesex calculated?

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

Last Updated March 1, 2025

Wakefield, Middlesex County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$7,557

$7,013

Ownwell’s Wakefield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wakefield with just two data points. By entering your property's estimated assessed value, our calculator applies Wakefield’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 Wakefield, Middlesex County, Massachusetts

Local government entities are responsible for setting tax rates, and these can vary significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. Though votes and laws influence the setting of tax rates and budgets, this is the core of the annual process.

You can compare Wakefield’s effective property tax rate to other cities in Massachusetts and the median property tax rates in Massachusetts and the U.S. Wakefield, located in Middlesex County, has a median tax rate of 1.17%, which is above the national median of 1.02%. This means that homeowners in Wakefield may face higher property tax bills compared to the national average, which is $2400. Understanding these differences can help homeowners make informed decisions about property investments and budgeting for property taxes in Wakefield and beyond.

Property Tax Rates Across Wakefield, 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 Wakefield Tax Rate

1.17%

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 Wakefield, Middlesex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01880	1.17%	1.17%	1.17%	1.17%	1.17%

Source: Ownwell

Property Tax Assessment Values Across Wakefield, Middlesex County, Massachusetts

When examining property taxes in Wakefield, 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 March. 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 Wakefield. For example, the median home price in Wakefield is $645,900, with tax bills ranging significantly across the county. Zip code 01880 has the highest median home price at $645,900.

Property Tax Assessment Values Across Wakefield, Middlesex County, Massachusetts

Source: Ownwell

$320,300

$928,425

$1,536,550

Median Wakefield Market Value

$645,900

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 Wakefield, Middlesex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01880	$460,940	$562,500	$645,900	$745,300	$895,900

Source: Ownwell

Property Tax Bills Across Wakefield, Middlesex County, Massachusetts

In Wakefield, Middlesex County, MA, property tax bills are determined by assessing the fair market value of a home and applying the local tax rate. With a median home price of $645,900, residents face property tax bills that vary significantly, ranging from the 25th percentile at $6,598 to the 90th percentile at $10,509. Interestingly, Wakefield's median tax bill of $7,576 is notably higher than the national median of $2,400, reflecting the area's higher property values and tax rates. Factors influencing these bills include the home's assessed value and any applicable exemptions or deductions. Homeowners in Wakefield may find their tax bills quite burdensome compared to the national median property tax rate of 1.02%. This is where Ownwell steps in to assist homeowners in potentially reducing their property tax bills. By leveraging expert knowledge in property tax appeals and exemptions, Ownwell can help identify opportunities for savings, ensuring homeowners only pay what is fair and equitable.

Property Tax Bills Across Wakefield, Middlesex County, Massachusetts

Source: Ownwell

$4,294

$11,232

$18,170

Median Wakefield Tax Bill

$7,576

Median Middlesex County Tax Bill

$7,427

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Wakefield, Middlesex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01880	$5,406	$6,598	$7,576	$8,742	$10,509

Source: Ownwell