Clinton, Massachusetts Property Taxes
The median property tax rate in Clinton, MA is 1.34%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Clinton at $340,800, the typical annual property tax bill reaches $4,559, exceeding the national median of $2,690. Property taxes in Clinton 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 Clinton'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 Clinton 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
Clinton, 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 Clinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton 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 Clinton, Massachusetts
Property taxes in Clinton, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 1.34%, significantly higher than the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary across different neighborhoods. Each year, Clinton 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 Clinton's property tax rate compares to other areas 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 Clinton Tax Rate
1.34%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01510 | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clinton, Massachusetts. 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 Clinton, 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 Clinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clinton is $340,800, with tax bills ranging from $3,952 at the 25th percentile to $6,580 at the 90th percentile. The highest and lowest median tax bills are both $4,559 in the 01510 zip code.
Average Clinton Assessed Value
$340,800
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 Clinton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01510 | $245,100 | $295,550 | $340,800 | $405,250 | $491,880 |
Source: Ownwell
Property Tax Bills Across Clinton, Massachusetts
Property tax bills in Clinton, located in Worcester County, MA, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local tax assessor and reflects the market value of the home. Homeowners in Clinton experience a median property tax bill of $4,559, which is significantly higher than the national median property tax rate of 0.99%. Factors that influence the tax bill include the property's location, size, and condition. For instance, properties in the 25th percentile have tax bills around $3,952, while those in the 75th percentile reach up to $5,420. Homes in the 90th percentile see even higher bills, averaging $6,580. These variations can significantly impact homeowners' annual expenses, making property taxes a crucial consideration when purchasing or owning a home in Clinton. Understanding how these taxes are calculated helps homeowners budget more effectively and anticipate future financial obligations.
Average Clinton Tax Bill
$4,559
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01510 | $3,280 | $3,952 | $4,559 | $5,420 | $6,580 |
Source: Ownwell