Charlton City, Massachusetts Property Taxes
The median property tax rate in Charlton City, MA is 1.13%, which is higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Charlton City at $348,250, the typical annual property tax bill reaches $3,949, significantly exceeding the national median of $2,690. Property taxes in Charlton City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Charlton City'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 Charlton City 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
Charlton City, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$3,935
$3,652
Ownwell’s Charlton City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Charlton City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Charlton City 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 Charlton City, Massachusetts
Property taxes in Charlton City, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Charlton City is 1.13%, higher than the U.S. national median of 0.99%. Local government entities within Charlton City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Charlton City 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 Charlton City's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01508 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Charlton City 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 Charlton City Tax Rate
1.13%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Charlton City, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01508 | 1.13% | 1.13% | 1.13% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Charlton City, Massachusetts
In Charlton City, 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 Charlton City, 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 Charlton City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Charlton City are both $3949.00, found in zip code 01508.
Property Tax Assessment Values Across Charlton City, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Charlton City Assessed Value
$348,250
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 Charlton City, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01508 | $305,090 | $321,275 | $348,250 | $375,225 | $391,410 |
Source: Ownwell
Property Tax Bills Across Charlton City, Massachusetts
In Charlton City, 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 this area is $348,250, and this figure plays a crucial role in determining the tax bill. Local assessors evaluate properties to establish their assessed value, which is then multiplied by the tax rate to calculate the annual property tax bill. For homeowners in Charlton City, the property tax bills can vary significantly. The 25th percentile tax bill stands at $3,643, while those in the 75th percentile pay around $4,255. At the higher end, the 90th percentile tax bill reaches $4,439. These variations reflect differences in property values and specific local tax rates. The highest median tax bill recorded in the area is $3,949, which is notably higher than the national median property tax rate of 0.99%. Property taxes significantly impact homeowners by influencing their annual expenses and potentially affecting their overall financial planning.
Average Charlton City Tax Bill
$3,949
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Charlton City, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01508 | $3,459 | $3,643 | $3,949 | $4,255 | $4,439 |
Source: Ownwell