Rutland, Massachusetts Property Taxes
The median property tax rate in Rutland, MA is 1.37%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Rutland at $391,000, the typical annual property tax bill reaches $5,366, exceeding the national median of $2,690. Property taxes in Rutland 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 Rutland'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 Rutland 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
Rutland, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$5,357
Ownwell’s Rutland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rutland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rutland 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 Rutland, Massachusetts
Property taxes in Rutland, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rutland is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Rutland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rutland 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 Rutland's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01543 zip code has the highest median property tax rate of 1.37%, while the same 01543 zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Rutland 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 Rutland Tax Rate
1.37%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rutland, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01543 | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Rutland, Massachusetts
Understanding the distinction between "market value" and "assessed value" is crucial for comprehending property taxes in Rutland, 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 Rutland, 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. In Rutland, the zip code with the highest median tax bill is 01543, with a median tax bill of $5,366. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rutland Assessed Value
$391,000
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 Rutland, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01543 | $194,430 | $300,450 | $391,000 | $484,025 | $557,290 |
Source: Ownwell
Property Tax Bills Across Rutland, Massachusetts
In Rutland, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is often a percentage of the property's market value. Rutland, situated in Worcester County, has property tax rates that significantly impact homeowners. For instance, with a median home price of $391,000, tax bills can vary widely. Homeowners at the 25th percentile can expect a tax bill around $4,123, while those at the 75th percentile might see bills as high as $6,640. At the 90th percentile, tax bills can reach up to $7,646. These tax bills are influenced by various factors including the property's location, size, and condition. Compared to the national median property tax rate of 0.99%, Rutland's rates are relatively higher, reflecting the local government's need to fund public services such as schools, infrastructure, and emergency services. This means that homeowners in Rutland must budget accordingly to manage their annual property tax obligations.
Average Rutland Tax Bill
$5,366
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Rutland, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01543 | $2,667 | $4,123 | $5,366 | $6,640 | $7,646 |
Source: Ownwell