Holden, Massachusetts Property Taxes
The median property tax rate in Holden, MA is 1.50%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Holden at $396,600, the typical annual property tax bill reaches $5,945, exceeding the national median of $2,690. Property taxes in Holden 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 Holden'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 Holden 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
Holden, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$5,949
Ownwell’s Holden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holden 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 Holden, Massachusetts
Property taxes in Holden, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holden is 1.50%, significantly higher than the U.S. national median of 0.99%. Local government entities within Holden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holden 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 Holden's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01520 zip code has the highest median property tax rate of 1.50%, while the 01520 zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Holden 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 Holden Tax Rate
1.50%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holden, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01520 | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Holden, Massachusetts
In Holden, 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 Holden, 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. Holden's median home price is $396,600, with the 25th percentile tax bill at $4,933 and the 75th percentile tax bill at $7,821. The highest and lowest median tax bills are both $5,945, found in the 01520 zip code. By understanding 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 Holden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Holden Assessed Value
$396,600
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 Holden, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01520 | $284,100 | $329,100 | $396,600 | $521,750 | $630,640 |
Source: Ownwell
Property Tax Bills Across Holden, Massachusetts
In Holden, Worcester County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and reflects the market value of the property. The tax rate, set by local government entities, is applied to this assessed value to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of similar properties in the area. Homeowners in Holden face varying tax bills, with the 25th percentile at $4,933 and the 75th percentile reaching $7,821. Those in the 90th percentile can see tax bills as high as $9,454. Holden's median home price of $396,600 results in a median tax bill of $5,945, which is above the national median property tax rate of 0.99%. This higher tax burden can impact homeowners by increasing their annual housing costs, which may influence decisions related to property investments and homeownership.
Average Holden Tax Bill
$5,945
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Holden, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01520 | $4,259 | $4,933 | $5,945 | $7,821 | $9,454 |
Source: Ownwell