Upton, Massachusetts Property Taxes
The median property tax rate in Upton, MA is 1.39%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Upton at $444,000, the typical annual property tax bill reaches $6,158, exceeding the national median of $2,690. Property taxes in Upton 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 Upton'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 Upton 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
Upton, 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 Upton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Upton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Upton 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 Upton, Massachusetts
Property taxes in Upton, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Upton is 1.39%, significantly higher than the U.S. national median of 0.99%. Local government entities within Upton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Upton 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 Upton's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01568 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Upton 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 Upton Tax Rate
1.39%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Upton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01568 | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Upton, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Upton, 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 Upton, 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 Upton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Upton are both $6,158, found in the zip code 01568.
Average Upton Assessed Value
$444,000
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 Upton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01568 | $304,160 | $359,025 | $444,000 | $544,075 | $631,270 |
Source: Ownwell
Property Tax Bills Across Upton, Massachusetts
In Upton, Worcester County, MA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The assessed value is a crucial factor, reflecting the estimated market value of the property. The local tax rate in Upton is notably higher than the national median property tax rate of 0.99%, leading to higher tax bills for homeowners. For instance, a median home priced at $444,000 in Upton can result in substantial property tax bills. Homeowners in the 25th percentile face tax bills around $4,980, while those in the 75th percentile see bills closer to $7,546. At the 90th percentile, tax bills can reach up to $8,756. The highest median tax bill in Upton is recorded at $6,158, which is significantly above the national median. These property tax bills can significantly impact homeowners' finances, influencing decisions on purchasing or maintaining property in the area. Understanding these factors helps homeowners better prepare for their annual tax obligations.
Average Upton Tax Bill
$6,158
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Upton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01568 | $4,219 | $4,980 | $6,158 | $7,546 | $8,756 |
Source: Ownwell