Whitinsville, Massachusetts Property Taxes
The median property tax rate in Whitinsville, 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 Whitinsville at $349,600, the typical annual property tax bill reaches $4,531, exceeding the national median of $2,690. Property taxes in Whitinsville 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 Whitinsville'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 Whitinsville 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
Whitinsville, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$4,545
$4,217
Ownwell’s Whitinsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitinsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitinsville 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 Whitinsville, Massachusetts
Property taxes in Whitinsville, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitinsville is 1.30%, which is higher than the U.S. national median of 0.99%. Local government entities within Whitinsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitinsville 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 Whitinsville's effective property tax rate to other areas in Worcester County and the national median. For comparison, the zip code 01588 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 Whitinsville 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 Whitinsville 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 Whitinsville, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01588 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Whitinsville, Massachusetts
In Whitinsville, 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 Whitinsville, 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. Whitinsville's median home price is $349,600, with property tax bills ranging from $3,703 at the 25th percentile to $6,881 at the 90th percentile. The highest and lowest median tax bills are both in the 01588 zip code, standing at $4,531. By understanding 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 Whitinsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Whitinsville, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Whitinsville Assessed Value
$349,600
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 Whitinsville, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01588 | $195,080 | $285,700 | $349,600 | $437,850 | $531,240 |
Source: Ownwell
Property Tax Bills Across Whitinsville, Massachusetts
Property tax bills in Whitinsville, Worcester County, are calculated based on the assessed value of a property and the local tax rate. The assessment process determines the market value of a home, which is then multiplied by the tax rate to calculate the annual tax bill. The median home price in Whitinsville is $349,600, which provides a baseline for understanding property tax obligations in the area. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For example, the 25th percentile tax bill in Whitinsville is $3,703, while the 75th percentile tax bill is $5,668, illustrating the variation based on these factors. Homeowners in the 90th percentile face tax bills as high as $6,881. In Worcester County, the highest and lowest median tax bills are both $4,531, reflecting a consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Whitinsville's figures indicate a relatively higher property tax burden, impacting homeowners' overall expenses.
Average Whitinsville Tax Bill
$4,531
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitinsville, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01588 | $2,528 | $3,703 | $4,531 | $5,668 | $6,881 |
Source: Ownwell