Weston, Massachusetts Property Taxes
The median property tax rate in Weston, MA is 1.18%, considerably higher than the national median of 0.99% but slightly below the Massachusetts state median of 1.23%. With the median home value in Weston at $1,530,000, the typical annual property tax bill reaches $18,170, significantly exceeding the national median of $2,690. Property taxes in Weston 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 Weston'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 Weston 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
Weston, 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 Weston Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Weston to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, empowering you to make informed decisions. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Weston, Massachusetts
Property taxes in Weston, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weston is 1.18%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Weston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weston 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 Weston's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 02493 has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Weston 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 Weston Tax Rate
1.18%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02493 | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Weston, Massachusetts
In Weston, 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 Weston, 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 Weston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Weston is $1,530,000, with median tax bills ranging from $13,056 to $41,255, depending on the property's assessed value. The highest and lowest median tax bills are both found in the 02493 zip code, at $18,170.
Property Tax Assessment Values Across Weston, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average Weston Assessed Value
$1,530,000
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 Weston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02493 | $836,300 | $1,101,500 | $1,530,000 | $2,258,600 | $3,484,340 |
Source: Ownwell
Property Tax Bills Across Weston, Massachusetts
Property tax bills in Weston, MA, are determined by assessing the market value of a property and applying the local tax rate. The assessed value is a crucial factor, reflecting the property's estimated market price, which in Weston has a median of $1,530,000. Homeowners in Weston can expect their tax bills to vary significantly based on the assessed value and specific factors like property improvements and neighborhood characteristics. The tax bill in Weston falls within several percentiles, with the 25th percentile at $13,056, the 75th percentile at $26,858, and the 90th percentile reaching $41,255. These figures highlight the range of property tax liabilities that homeowners may face. Compared to the national median property tax rate of 0.99%, Weston's property taxes are notably higher, reflecting the area's higher property values and local tax policies. This significant tax burden can impact homeowners' financial planning and the overall cost of owning property in this desirable Massachusetts community.
Average Weston Tax Bill
$18,170
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Weston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02493 | $9,902 | $13,056 | $18,170 | $26,858 | $41,255 |
Source: Ownwell