Georgetown, Essex County, Massachusetts Property Taxes

Name: Property Tax Bills Across Georgetown, Essex County, Massachusetts
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Georgetown, MA effective property tax rate: 1.30%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Georgetown, MA home value: $558,600
Median annual Georgetown, MA tax bill: $7,251, $4,851 higher than the national median property tax bill of $2,400.

How are property taxes in Essex calculated?

Property taxes in Georgetown, MA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Georgetown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Georgetown, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Georgetown, Essex County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.3%

Estimate Property Tax Bill

$7,262

$6,739

Ownwell’s Georgetown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Georgetown with just two data points. By entering your property's estimated assessed value, our calculator applies Georgetown’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Essex County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Georgetown, Essex County, Massachusetts

Local government entities determine tax rates, which can differ significantly across a state. The reason is that each county annually estimates its necessary budget for public services and divides this by the total value of all taxable property in its jurisdiction. This calculation results in the property tax rate. While setting tax rates and budgets involves votes and laws, this is the basic annual process.

In Georgetown, located in Essex County, Massachusetts, the effective property tax rate is 1.30%. When compared to the national median property tax rate of 1.02%, Georgetown's rate is notably higher. This indicates a greater tax burden on property owners in Georgetown compared to the national average. Additionally, Essex County's property tax rate aligns with the highest median tax rate in the state, as observed in the zip code 01833.

By understanding these rates, property owners in Georgetown can better anticipate their tax obligations. This knowledge is crucial for making informed decisions about property investments and financial planning in the area.

Property Tax Rates Across Georgetown, Essex County, Massachusetts

Source: Ownwell

0.77%

1.25%

1.74%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Georgetown Tax Rate

1.30%

Median Effective Essex County Tax Rate

1.12%

Median Effective Massachusetts Tax Rate

1.23%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Georgetown, Essex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01833	1.30%	1.30%	1.30%	1.30%	1.30%

Source: Ownwell

Property Tax Assessment Values Across Georgetown, Essex County, Massachusetts

When examining property taxes in Georgetown, MA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Essex County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Essex County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Georgetown. For example, the median home price in Georgetown is $558,600, with tax bills ranging significantly across the county. Zip code 01833 has the highest median home price at $558,600.

Property Tax Assessment Values Across Georgetown, Essex County, Massachusetts

Source: Ownwell

$258,000

$568,450

$878,900

Median Georgetown Market Value

$558,600

Median Essex County Market Value

$545,500

Median Massachusetts Market Value

$492,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Georgetown, Essex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01833	$378,100	$444,225	$558,600	$716,275	$844,850

Source: Ownwell

Property Tax Bills Across Georgetown, Essex County, Massachusetts

In Georgetown, Essex County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $558,600, homeowners face a property tax bill significantly higher than the national median of $2,400. The median tax bill in Georgetown stands at $7,251, reflecting the local tax rate's impact on homeowners. Factors such as home size, location, and market conditions influence the assessed value, ultimately determining the tax bill. Homeowners in the 25th percentile pay around $5,766, while those in the 75th and 90th percentiles face bills of $9,297 and $10,966, respectively. These figures highlight the variability in tax bills, making it crucial for homeowners to ensure their home's assessed value is accurate. Ownwell offers expertise in property tax appeals, helping homeowners potentially reduce their tax bills by ensuring fair assessments. By leveraging Ownwell's services, homeowners can navigate the complexities of property taxes and potentially save money.

Property Tax Bills Across Georgetown, Essex County, Massachusetts

Source: Ownwell

$2,621

$8,030

$13,438

Median Georgetown Tax Bill

$7,251

Median Essex County Tax Bill

$6,145

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Georgetown, Essex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01833	$4,908	$5,766	$7,251	$9,297	$10,966

Source: Ownwell