Hubbardston, Massachusetts Property Taxes
The median property tax rate in Hubbardston, MA is 1.30%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Hubbardston, the typical annual property tax bill reaches $3,715, exceeding the national median of $2,690. Property taxes in Hubbardston 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 Hubbardston'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 Hubbardston 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
Hubbardston, 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 Hubbardston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hubbardston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hubbardston 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 Hubbardston, Massachusetts
Property taxes in Hubbardston, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hubbardston is 1.30%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Hubbardston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hubbardston 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 Hubbardston's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 01452 has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Hubbardston 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 Hubbardston Tax Rate
1.30%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hubbardston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01452 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Hubbardston, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hubbardston, Worcester County, MA. 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 local 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 Hubbardston, 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 Hubbardston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 01452 has the highest and lowest median tax bill, both at $3,715, making it essential for residents to stay informed and proactive.
Property Tax Assessment Values Across Hubbardston, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Hubbardston Assessed Value
$285,100
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 Hubbardston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01452 | $170,140 | $231,200 | $285,100 | $355,050 | $437,240 |
Source: Ownwell
Property Tax Bills Across Hubbardston, Massachusetts
In Hubbardston, located in Worcester County, MA, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the home. For instance, with a median home price of $285,100, homeowners can expect their property tax bill to vary significantly. Factors such as property size, location, and improvements can influence the assessed value. The property tax rate in Hubbardston is applied to the assessed value to determine the annual tax bill. For example, the 25th percentile tax bill is $3,013, while the 75th percentile tax bill is $4,626, and the 90th percentile tax bill reaches $5,697. These figures highlight the range in property tax obligations homeowners might face. Comparatively, the national median property tax rate is 0.99%, offering a benchmark for understanding how local rates might affect financial planning for homeowners in Hubbardston.
Average Hubbardston Tax Bill
$3,715
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Hubbardston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01452 | $2,217 | $3,013 | $3,715 | $4,626 | $5,697 |
Source: Ownwell