Athol, Worcester County, Massachusetts Property Taxes
The median property tax rate in Athol, MA is 1.28%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Athol at $264,100, the typical annual property tax bill reaches $3,388, exceeding the national median of $2,690. Property taxes in Athol 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 Athol'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 Athol or another part of Worcester County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Athol, Worcester County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$3,380
$3,137
Ownwell’s Athol Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Athol with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Athol 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 Athol, Worcester County, Massachusetts
Property taxes in Athol, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Athol is 1.28%, which is higher than the U.S. national median of 0.99%. Local government entities within Athol set these rates annually, and they can vary significantly across different neighborhoods. Each year, Athol 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 Athol's effective property tax rate to other areas in Worcester County and the national median. For comparison, the 01331 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these areas compare with Athol 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 Athol Tax Rate
1.28%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Athol, Worcester County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01331 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Athol, Worcester County, Massachusetts
In Athol, 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. Assessment notices in Athol 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. For example, the highest median tax bill in Athol is $3,388 in the zip code 01331. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Athol, Worcester County, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Athol Assessed Value
$264,100
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 Athol, Worcester County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01331 | $197,020 | $231,000 | $264,100 | $314,600 | $379,060 |
Source: Ownwell
Property Tax Bills Across Athol, Worcester County, Massachusetts
In Athol, located in Worcester County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Athol is $264,100, and the property tax rate is applied to this value to determine the annual tax bill. Factors such as the size, location, and condition of the property influence the assessed value. Homeowners in Athol can expect a tax bill ranging from $2,964 at the 25th percentile to $4,036 at the 75th percentile, with the 90th percentile reaching up to $4,861. Comparing these figures to the national median property tax rate of 0.99%, Athol's property tax bills are relatively higher. This impacts homeowners by increasing the overall cost of owning a home, making it essential to understand and potentially appeal assessments to ensure fair taxation. The highest median tax bill in the area is $3,388, specific to the zip code 01331, illustrating the variability within different parts of Worcester County.
Average Athol Tax Bill
$3,388
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Athol, Worcester County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01331 | $2,524 | $2,964 | $3,388 | $4,036 | $4,861 |
Source: Ownwell