Roxbury Crossing, Massachusetts Property Taxes
The median property tax rate in Roxbury Crossing, MA is 1.07%, which is considerably higher than the national median of 0.99% but lower than the Massachusetts state median of 1.23%. With a median home value of $784,150 in Roxbury Crossing, the typical annual property tax bill reaches $8,422, far exceeding the national median of $2,690. Property taxes in Roxbury Crossing are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Roxbury Crossing'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 Crossing 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 Crossing, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$8,390
Ownwell’s Roxbury Crossing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roxbury Crossing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roxbury Crossing 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 Crossing, Massachusetts
Property taxes in Roxbury Crossing, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roxbury Crossing is 1.07%, which is higher than the U.S. national median of 0.99%. Local government entities within Roxbury Crossing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roxbury Crossing 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 Crossing's effective property tax rate to other areas in Suffolk County and the national median. For comparison, the zip code 02120 has both the highest and lowest median property tax rate of 1.07%, indicating uniformity across this particular region. Understanding how these areas compare with Roxbury Crossing 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 Crossing 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 Crossing, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02120 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Roxbury Crossing, Massachusetts
In Roxbury Crossing, 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 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 Roxbury Crossing, 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 Crossing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $8,422 in the 02120 zip code.
Property Tax Assessment Values Across Roxbury Crossing, Massachusetts
Source: Ownwell
$84,600
$1,690,350
$3,296,100
Average Roxbury Crossing Assessed Value
$784,150
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 Crossing, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02120 | $348,000 | $451,175 | $784,150 | $1,612,150 | $2,024,650 |
Source: Ownwell
Property Tax Bills Across Roxbury Crossing, Massachusetts
In Roxbury Crossing, 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 local assessor's office, which evaluates the property's market value. This assessment considers factors such as the property's size, age, condition, and location. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $784,150, homeowners can expect varying tax bills. The 25th percentile tax bill is approximately $4,846, while the 75th percentile tax bill can reach up to $17,315. At the 90th percentile, tax bills can be as high as $21,744. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners differently based on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, highlighting the variance in tax burdens across different regions.
Average Roxbury Crossing Tax Bill
$8,422
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 Crossing, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02120 | $3,738 | $4,846 | $8,422 | $17,315 | $21,744 |
Source: Ownwell