Milton, Norfolk County, Massachusetts Property Taxes
The median property tax rate in Milton, MA is 1.14%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Milton at $808,650, the typical annual property tax bill reaches $9,219, far exceeding the national median of $2,690. Property taxes in Milton 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 Milton'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 Milton 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
Milton, Norfolk County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$9,219
$8,555
Ownwell’s Milton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Milton with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Milton to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, giving you a clearer financial picture. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Norfolk County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Milton, Norfolk County, Massachusetts
Property taxes in Milton, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Milton is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Milton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Milton 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 Milton's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 02186 has both the highest and lowest median property tax rate of 1.14%. Understanding how these cities compare with Milton provides valuable insights into the varying tax landscape across Norfolk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Milton Tax Rate
1.14%
Average Norfolk County Tax Rate
1.18%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milton, Norfolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02186 | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Milton, Norfolk County, Massachusetts
In Milton, 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 Norfolk 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 Milton, 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 Milton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Milton are both $9,219 in the 02186 zip code.
Property Tax Assessment Values Across Milton, Norfolk County, Massachusetts
Source: Ownwell
$363,800
$896,900
$1,430,000
Average Milton Assessed Value
$808,650
Average Norfolk County Assessed Value
$592,100
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Milton, Norfolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02186 | $611,850 | $691,200 | $808,650 | $996,800 | $1,388,200 |
Source: Ownwell
Property Tax Bills Across Milton, Norfolk County, Massachusetts
In Milton, Norfolk County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Milton Assessor's Office and is meant to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the size, age, and condition of the property, as well as recent sales of comparable homes in the area. For homeowners in Milton, the property tax rate can significantly impact their annual expenses. For instance, with a median home price of $808,650, the property tax bill at the 25th percentile is $7,880, while at the 75th percentile, it rises to $11,364. The highest median tax bill in Milton is $9,219, which is higher than the national median property tax rate of 0.99%, reflecting the area's higher property values and tax rates.
Average Milton Tax Bill
$9,219
Average Norfolk County Tax Bill
$7,156
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Milton, Norfolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02186 | $6,976 | $7,880 | $9,219 | $11,364 | $15,819 |
Source: Ownwell