Auburn, Massachusetts Property Taxes
The median property tax rate in Auburn, MA is 1.59%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Auburn, the typical annual property tax bill reaches $5,350, exceeding the national median of $2,690. Property taxes in Auburn 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 Auburn'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 Auburn 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
Auburn, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$5,361
Ownwell’s Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, Massachusetts
Property taxes in Auburn, Massachusetts, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 1.59%, significantly higher than the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01501 zip code has the highest median property tax rate of 1.59%, while the same zip code also has the lowest median tax rate of 1.59%. Understanding how these cities compare with Auburn 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 Auburn Tax Rate
1.59%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01501 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, Massachusetts
In Auburn, 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 Auburn, 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. For instance, the median home price in Auburn is $337,200, with tax bills ranging from $4,570 at the 25th percentile to $7,843 at the 90th percentile. 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 Auburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Auburn Assessed Value
$337,200
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 Auburn, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01501 | $250,490 | $287,800 | $337,200 | $404,450 | $494,710 |
Source: Ownwell
Property Tax Bills Across Auburn, Massachusetts
In Auburn, Worcester County, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in Auburn can expect their property tax bill to be influenced by several factors, including the median home price, which stands at $337,200. The tax rate in Auburn is applied to this assessed value to determine the total tax bill. The property tax bills in Auburn vary significantly. For instance, homeowners at the 25th percentile pay around $4,570, while those at the 75th percentile see bills of approximately $6,418. At the higher end, the tax bill for the 90th percentile reaches up to $7,843. Interestingly, the median tax bill across all properties in the 01501 zip code is $5,350, which is notably higher than the national median property tax rate of 0.99%. These property tax bills impact homeowners by contributing to the overall cost of homeownership, influencing decisions on buying, selling, or maintaining property in Auburn.
Average Auburn Tax Bill
$5,350
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01501 | $3,976 | $4,570 | $5,350 | $6,418 | $7,843 |
Source: Ownwell