Ashburnham, Massachusetts Property Taxes
The median property tax rate in Ashburnham, MA is 1.66%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Ashburnham, the typical annual property tax bill reaches $5,280, exceeding the national median of $2,690. Property taxes in Ashburnham 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 Ashburnham'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 Ashburnham 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
Ashburnham, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$5,302
Ownwell’s Ashburnham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashburnham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashburnham 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 Ashburnham, Massachusetts
Property taxes in Ashburnham, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashburnham is 1.66%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Ashburnham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashburnham 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 Ashburnham's effective property tax rate to other towns in Worcester County and the national median. For comparison, the 01430 zip code has both the highest and lowest median property tax rate of 1.66%. Understanding how these cities compare with Ashburnham provides valuable insights into the varying tax landscape across Worcester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashburnham Tax Rate
1.66%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashburnham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01430 | 1.65% | 1.65% | 1.65% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Ashburnham, Massachusetts
In Ashburnham, 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 Worcester 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 Ashburnham, 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 Ashburnham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 01430, both at $5,280 annually.
Property Tax Assessment Values Across Ashburnham, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Ashburnham Assessed Value
$319,400
Average Worcester County Assessed Value
$360,000
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashburnham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01430 | $194,670 | $254,325 | $319,400 | $410,375 | $514,620 |
Source: Ownwell
Property Tax Bills Across Ashburnham, Massachusetts
In Ashburnham, located in Worcester 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 assessed value is then multiplied by the tax rate to calculate the annual property tax bill. Homeowners in Ashburnham face varying tax bills depending on their property's value. For instance, the 25th percentile tax bill is $4,208, while the 75th percentile tax bill reaches $6,786. At the 90th percentile, homeowners might see tax bills as high as $8,496. Compared to the national median property tax rate of 0.99%, Ashburnham's property taxes can be significantly higher, reflecting the local government's funding needs for public services such as schools, infrastructure, and emergency services. These factors collectively influence the financial burden on homeowners, making it essential for them to understand how their property tax bill is determined and how it impacts their overall expenses.
Average Ashburnham Tax Bill
$5,280
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashburnham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01430 | $3,221 | $4,208 | $5,280 | $6,786 | $8,496 |
Source: Ownwell