Waltham, Middlesex County, Massachusetts Property Taxes

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

Median Waltham, MA effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Waltham, MA home value: $641,700
Median annual Waltham, MA tax bill: $6,622, $4,222 higher than the national median property tax bill of $2,400.

How are property taxes in Middlesex County calculated?

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

Last Updated March 1, 2025

Waltham, Middlesex County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.03%

Estimate Property Tax Bill

$6,610

$6,133

Ownwell’s Waltham Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waltham with just two data points. By entering your property's estimated assessed value, our calculator applies Waltham’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 County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waltham, Middlesex County, Massachusetts

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide essential 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.

In Waltham, located in Middlesex County, the property tax rate is closely aligned with the Massachusetts median of 1.03%, which is slightly above the national median of 1.02%. This means property owners in Waltham may find their tax rates comparable to other areas in the state but slightly higher than the national average. Both the highest and lowest median tax rates in Waltham are consistent at 1.03%, indicating a level of uniformity within the city’s tax assessments.

Understanding these rates can help property owners anticipate their tax obligations. Comparing Waltham’s effective property tax rate to other cities in Massachusetts and the national median can provide valuable insights for property owners considering an appeal or exploring exemption opportunities.

Property Tax Rates Across Waltham, 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 Waltham Tax Rate

1.03%

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 Waltham, Middlesex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02451	1.03%	1.03%	1.03%	1.03%	1.03%
02452	1.03%	1.03%	1.03%	1.03%	1.03%
02453	1.03%	1.03%	1.03%	1.03%	1.03%
02454	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Waltham, Middlesex County, Massachusetts

When examining property taxes in Waltham, 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 Waltham. For example, the median home price in Waltham is $641,700, with tax bills ranging significantly across the county. Zip code 02452 has the highest median home price at $658,000.

Property Tax Assessment Values Across Waltham, Middlesex County, Massachusetts

Source: Ownwell

$320,300

$928,425

$1,536,550

Median Waltham Market Value

$641,700

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 Waltham, Middlesex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02451	$456,000	$527,900	$618,400	$730,400	$864,150
02452	$358,600	$568,600	$658,000	$770,500	$974,940
02453	$414,700	$555,900	$650,700	$745,050	$843,480
02454	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Waltham, Middlesex County, Massachusetts

In Waltham, MA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the property's market value, which is influenced by factors such as location, size, and condition. The median home price in Waltham is $641,700, leading to higher tax bills than the national median. Homeowners in Waltham typically face tax bills ranging from $5,641 at the 25th percentile to $9,027 at the 90th percentile, with the highest median tax bill recorded at $6,792 in the 02452 zip code. These figures are significantly above the national median property tax bill of $2,400, reflecting the area's higher property values. For homeowners, this means a considerable portion of their budget is dedicated to property taxes, impacting overall affordability. Ownwell offers a solution by helping homeowners appeal their property tax assessments and secure exemptions, potentially leading to significant savings. By leveraging expert knowledge and experience, Ownwell can identify opportunities for tax reductions and ease the financial burden on homeowners.

Property Tax Bills Across Waltham, Middlesex County, Massachusetts

Source: Ownwell

$4,294

$11,232

$18,170

Median Waltham Tax Bill

$6,622

Median Middlesex County Tax Bill

$7,427

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Waltham, Middlesex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02451	$4,706	$5,448	$6,382	$7,538	$8,923
02452	$3,701	$5,868	$6,792	$7,956	$10,061
02453	$4,280	$5,734	$6,718	$7,694	$8,708
02454	N/A	N/A	N/A	N/A	N/A

Source: Ownwell