Roxbury, Massachusetts Property Taxes
The median property tax rate in Roxbury, MA is 1.07%, considerably higher than the national median of 0.99% but lower than the Massachusetts state median of 1.23%. With the median home value in Roxbury at $561,900, the typical annual property tax bill reaches $6,035, significantly exceeding the national median of $2,690. Property taxes in Roxbury 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 Roxbury'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 Roxbury 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
Roxbury, 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 Roxbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roxbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roxbury to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Roxbury, Massachusetts
Property taxes in Roxbury, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roxbury is 1.07%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Roxbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roxbury 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 Roxbury's effective property tax rate to other regions in Suffolk County and the national median. For comparison, the 02119 zip code has the highest median property tax rate of 1.07%, while the 02118 zip code has the lowest median tax rate of 1.07%. Understanding how these areas compare with Roxbury provides valuable insights into the varying tax landscape across Suffolk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roxbury Tax Rate
1.07%
Average Suffolk County Tax Rate
1.07%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roxbury, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02118 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
| 02119 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
| 02120 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Roxbury, Massachusetts
In Roxbury, 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 Suffolk County Assessor 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 Roxbury, 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 Roxbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $13,832 in the 02120 zip code, while the lowest is $4,794 in the 02118 zip code.
Property Tax Assessment Values Across Roxbury, Massachusetts
Source: Ownwell
$84,600
$1,690,350
$3,296,100
Average Roxbury Assessed Value
$561,900
Average Suffolk County Assessed Value
$641,300
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roxbury, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02118 | $417,200 | $428,150 | $446,400 | $756,900 | $943,200 |
| 02119 | $323,560 | $413,200 | $561,800 | $733,000 | $887,220 |
| 02120 | $748,060 | $1,203,100 | $1,287,900 | $1,316,200 | $1,806,100 |
Source: Ownwell
Property Tax Bills Across Roxbury, Massachusetts
In Roxbury, Suffolk 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 city's tax assessor, who evaluates the property's market value. This value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $561,900, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. The tax bill can significantly impact homeowners' finances, with the 25th percentile tax bill at $4,438 and the 75th percentile at $7,877. High-value properties can see even steeper bills, with the 90th percentile reaching $9,566. In Suffolk County, the highest median tax bill is $13,832 in the 02120 zip code, while the lowest is $4,794 in the 02118 zip code. These variations underscore the importance of understanding local property tax dynamics.
Average Roxbury Tax Bill
$6,035
Average Suffolk County Tax Bill
$6,836
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Roxbury, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02118 | $4,480 | $4,598 | $4,794 | $8,129 | $10,130 |
| 02119 | $3,475 | $4,438 | $6,034 | $7,872 | $9,529 |
| 02120 | $8,034 | $12,921 | $13,832 | $14,136 | $19,397 |
Source: Ownwell