Westborough, Worcester County, Massachusetts Property Taxes
The median property tax rate in Westborough, MA is 1.68%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Westborough, the typical annual property tax bill reaches $9,324, exceeding the national median of $2,690. Property taxes in Westborough 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 Westborough'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 Westborough 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
Westborough, Worcester County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$9,307
$8,637
Ownwell’s Westborough Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westborough with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westborough 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 Westborough, Worcester County, Massachusetts
Property taxes in Westborough, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westborough is 1.68%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Westborough set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westborough 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 Westborough's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01581 zip code has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Westborough 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.
Property Tax Rates Across Westborough, Worcester County, Massachusetts
Source: Ownwell
0.98%
1.39%
1.81%
Average Westborough Tax Rate
1.68%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westborough, Worcester County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01581 | 1.68% | 1.68% | 1.68% | 1.68% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Westborough, Worcester County, Massachusetts
In Westborough, 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 Westborough, 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 Westborough helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 01581 has the highest and lowest median tax bill, both at $9,324.
Property Tax Assessment Values Across Westborough, Worcester County, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Westborough Assessed Value
$554,000
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 Westborough, Worcester County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01581 | $349,100 | $446,300 | $554,000 | $726,800 | $894,220 |
Source: Ownwell
Property Tax Bills Across Westborough, Worcester County, Massachusetts
Property tax bills in Westborough, Worcester County, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the town's assessor and reflects the property's market value. This value is then multiplied by the tax rate to calculate the annual tax bill. For example, with a median home price of $554,000, homeowners can expect a significant tax bill. Several factors influence the assessed value, including property size, location, and market conditions. In Westborough, the tax bill at the 25th percentile is approximately $7,516, while at the 75th percentile, it reaches around $12,239. The highest tax bills, at the 90th percentile, can be as much as $15,059. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Westborough's rates are notably higher, reflecting the area's higher property values and the quality of local services funded by these taxes.
Property Tax Bills Across Westborough, Worcester County, Massachusetts
Source: Ownwell
$1,685
$6,716
$11,747
Average Westborough Tax Bill
$9,324
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Westborough, Worcester County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01581 | $5,879 | $7,516 | $9,324 | $12,239 | $15,059 |
Source: Ownwell