Blackstone, Massachusetts Property Taxes
The median property tax rate in Blackstone, 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 Blackstone at $343,400, the typical annual property tax bill reaches $5,556, exceeding the national median of $2,690. Property taxes in Blackstone 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 Blackstone'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 Blackstone 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
Blackstone, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Blackstone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blackstone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blackstone 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 Blackstone, Massachusetts
Property taxes in Blackstone, Massachusetts, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blackstone is 1.62%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Blackstone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blackstone 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. Understanding how these cities compare with Blackstone 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 Blackstone 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 Blackstone, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01504 | 1.62% | 1.62% | 1.62% | 1.62% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Blackstone, Massachusetts
In Blackstone, 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 Blackstone, 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 Blackstone helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 01504 has both the highest and lowest median tax bill at $5556.
Property Tax Assessment Values Across Blackstone, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Blackstone Assessed Value
$343,400
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 Blackstone, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01504 | $225,460 | $282,900 | $343,400 | $422,100 | $500,320 |
Source: Ownwell
Property Tax Bills Across Blackstone, Massachusetts
In Blackstone, Worcester County, MA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Blackstone can expect their tax bills to vary significantly depending on the assessed value of their homes. For instance, the median home price in Blackstone is $343,400, which influences the overall tax bill. The property tax rate in Blackstone is applied to this assessed value to determine the annual tax bill. Homeowners in the 25th percentile can expect to pay around $4,577, while those in the 75th percentile might see bills as high as $6,830. The 90th percentile tax bill can reach up to $8,095. These figures highlight the range of property tax burdens faced by homeowners, with the highest median tax bill in the area being $5,556. This variability affects homeowners differently, depending on their property's assessed value and the specific tax rate applied.
Average Blackstone Tax Bill
$5,556
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Blackstone, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01504 | $3,648 | $4,577 | $5,556 | $6,830 | $8,095 |
Source: Ownwell