Bellingham, Massachusetts Property Taxes
The median property tax rate in Bellingham, MA is 1.62%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Bellingham at $286,100, the typical annual property tax bill reaches $4,629, exceeding the national median of $2,690. Property taxes in Bellingham 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 Bellingham'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 Bellingham 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
Bellingham, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$4,635
$4,301
Ownwell’s Bellingham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellingham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellingham 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 Bellingham, Massachusetts
Property taxes in Bellingham, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellingham is 1.62%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bellingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellingham 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 Bellingham's effective property tax rate to other areas in Worcester County and the national median. For comparison, the zip code 02019 has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how these areas compare with Bellingham 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 Bellingham Tax Rate
1.62%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellingham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02019 | 1.62% | 1.62% | 1.62% | 1.62% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Bellingham, Massachusetts
In Bellingham, Massachusetts, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Bellingham, 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 Bellingham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 02019 has both the highest and lowest median tax bills, each at $4629, highlighting the uniformity in tax assessments within the area.
Property Tax Assessment Values Across Bellingham, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Bellingham Assessed Value
$286,100
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 Bellingham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02019 | $286,100 | $286,100 | $286,100 | $286,100 | $286,100 |
Source: Ownwell
Property Tax Bills Across Bellingham, Massachusetts
In Bellingham, Worcester County, MA, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the city's assessment office, which evaluates the property's market value. This value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Bellingham, the median home price is $286,100, and the property tax rate is significantly higher than the national median of 0.99%. This results in a median tax bill of $4,629, which remains consistent across different percentiles, indicating a uniform tax rate application. Factors such as property size, location, and improvements can affect the assessed value, thereby influencing the tax bill. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Bellingham Tax Bill
$4,629
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellingham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02019 | $4,629 | $4,629 | $4,629 | $4,629 | $4,629 |
Source: Ownwell