Webster, Massachusetts Property Taxes
The median property tax rate in Webster, MA is 1.22%, slightly higher than the national median of 0.99% but just below the Massachusetts state median of 1.23%. With the median home value in Webster at $340,200, the typical annual property tax bill reaches $4,145, surpassing the national median of $2,690. Property taxes in Webster are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Webster'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 Webster or another part of Worcester County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Webster, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$4,150
$3,851
Ownwell’s Webster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Webster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Webster 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 Webster, Massachusetts
Property taxes in Webster, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Webster is 1.22%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Webster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Webster 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 Webster's effective property tax rate to other areas in Worcester County and the national median. For comparison, the zip code 01570 has the highest median property tax rate of 1.22%, while the lowest median tax rate is also 1.22% in the same area. Understanding how these figures compare with Webster 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 Webster Tax Rate
1.22%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Webster, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01570 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Webster, Massachusetts
In Webster, 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 Webster, 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 Webster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 01570, with a median tax bill of $4,145.
Average Webster Assessed Value
$340,200
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 Webster, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01570 | $230,080 | $280,500 | $340,200 | $429,350 | $607,480 |
Source: Ownwell
Property Tax Bills Across Webster, Massachusetts
In Webster, 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 town's assessors, who evaluate the property’s market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $340,200, homeowners can expect varying tax bills depending on specific property characteristics and exemptions. Tax bills in Webster range significantly, with the 25th percentile at $3,418 and the 75th percentile at $5,232, reflecting differences in property values and applicable exemptions. At the higher end, the 90th percentile tax bill reaches $7,410. Comparatively, the highest and lowest median tax bills in the 01570 zip code are both $4,145, indicating a consistent median tax rate across the area. These property taxes directly impact homeowners, influencing their overall housing costs and financial planning.
Average Webster Tax Bill
$4,145
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Webster, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01570 | $2,803 | $3,418 | $4,145 | $5,232 | $7,410 |
Source: Ownwell