Marblehead, Essex County, Massachusetts Property Taxes
Median Marblehead, MA effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Marblehead, MA home value: $775,950
Median annual Marblehead, MA tax bill: $7,770, $5,370 higher than the national median property tax bill of $2,400.
How are property taxes in Essex County calculated?
Property taxes in Marblehead, 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 Marblehead’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Marblehead, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Marblehead, Essex County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1%
Estimate Property Tax Bill
$7,760
$7,201
Property Tax Rates Across Marblehead, Essex County, Massachusetts
Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Marblehead, located in Essex County, Massachusetts, the effective property tax rate is 1.00%. This rate is identical to both the highest and lowest median tax rates in the area, showcasing a uniformity that is somewhat uncommon. When compared to the national median property tax rate of 1.02%, Marblehead's rate is slightly lower, offering potential savings for property owners. The median property tax bill in the U.S. is $2,400, which provides a benchmark for evaluating individual tax burdens. Understanding these rates is crucial for homeowners seeking to navigate property taxes effectively.
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 Marblehead Tax Rate
1.00%
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 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 Marblehead, Essex County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01945 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Marblehead, Essex County, Massachusetts
When examining property taxes in Marblehead, 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.
In Essex County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Marblehead. For example, the median home price in Marblehead is $775,950, with tax bills ranging significantly across the county. 01945 has the highest median home price at $775,950.
Property Tax Assessment Values Across Marblehead, Essex County, Massachusetts
Source: Ownwell
$258,000
$568,450
$878,900
Median Marblehead Market Value
$775,950
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 Marblehead, Essex County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01945 | $527,050 | $650,600 | $775,950 | $997,000 | $1,489,100 |
Source: Ownwell
Property Tax Bills Across Marblehead, Essex County, Massachusetts
In Marblehead, Essex County, MA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $775,950, the tax bill can vary significantly among homeowners. Factors such as property location, home size, and market trends influence the assessed value. The tax bill for the 25th percentile is $6,509, while it reaches $14,891 at the 90th percentile. The median tax bill in Marblehead stands at $7,770, significantly higher than the national median of $2,400, reflecting the region's higher property values and tax rates.
These tax bills can be a substantial financial burden for homeowners. Ownwell offers a solution by providing property tax appeal and exemption services, helping to ensure that homeowners are not overpaying. By analyzing property assessments and market conditions, Ownwell identifies opportunities to reduce tax liabilities, potentially saving homeowners thousands of dollars. With expert guidance, homeowners can navigate the complexities of property taxes and achieve financial relief.
Median Marblehead Tax Bill
$7,770
Median Essex County Tax Bill
$6,145
Median Massachusetts Tax Bill
$5,844
Median United States Tax Bill
$2,400
Property Tax Bills Across Marblehead, Essex County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01945 | $5,270 | $6,509 | $7,770 | $9,970 | $14,891 |
Source: Ownwell