Boylston, Massachusetts Property Taxes
The median property tax rate in Boylston, MA is 1.44%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Boylston at $447,100, the typical annual property tax bill reaches $6,438, exceeding the national median of $2,690. Property taxes in Boylston 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 Boylston'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 Boylston 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
Boylston, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$6,438
$5,975
Ownwell’s Boylston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boylston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boylston 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 Boylston, Massachusetts
Property taxes in Boylston, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boylston is 1.44%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Boylston set these rates annually, and they can vary across different neighborhoods. Each year, Boylston 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 Boylston's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 01505 has both the highest and lowest median property tax rate of 1.44%. Understanding how these cities compare with Boylston 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 Boylston Tax Rate
1.44%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boylston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01505 | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Boylston, Massachusetts
In Boylston, 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 Boylston, 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 Boylston is $447,100, with tax bills ranging from $4,887 at the 25th percentile to $11,383 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 Boylston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 01505 has both the highest and lowest median tax bill, amounting to $6,438.
Property Tax Assessment Values Across Boylston, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Boylston Assessed Value
$447,100
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 Boylston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01505 | $253,000 | $339,400 | $447,100 | $625,200 | $790,440 |
Source: Ownwell
Property Tax Bills Across Boylston, Massachusetts
Property tax bills in Boylston, Worcester County, MA, are calculated based on the assessed value of a property and the local tax rate. The median home price in Boylston stands at $447,100. Homeowners can expect their property tax bill to vary significantly, depending on their property's assessed value. For instance, the 25th percentile of tax bills is around $4,887, while the 75th percentile reaches approximately $9,003. The top 10% of tax bills can go as high as $11,383. These taxes are influenced by various factors, including the property's location, size, and condition. Compared to the national median property tax rate of 0.99%, Boylston's tax rates may seem higher, reflecting the region's higher property values and local government funding needs. Homeowners in Boylston, therefore, need to budget for these taxes, as they can substantially impact their annual expenses. Understanding these factors and how they affect property tax bills can help homeowners plan better and potentially seek exemptions or appeals if necessary.
Average Boylston Tax Bill
$6,438
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Boylston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01505 | $3,643 | $4,887 | $6,438 | $9,003 | $11,383 |
Source: Ownwell