Merrimac, Essex County, Massachusetts Property Taxes

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

Median MERRIMAC, MA effective property tax rate: 1.48%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median MERRIMAC, MA home value: $476,000
Median annual MERRIMAC, MA tax bill: $7,036, $4,636 higher than the national median property tax bill of $2,400.

How are property taxes in Essex County calculated?

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

Last Updated March 1, 2025

Merrimac, Essex County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.48%

Estimate Property Tax Bill

$7,045

$6,537

Ownwell’s Merrimac Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Merrimac with just two data points. By entering your property's estimated assessed value, our calculator applies Merrimac’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 Merrimac, 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. Below, you can compare MERRIMAC’s effective property tax rate to other cities in MA and the median property tax rates in MA and the U.S. The city of MERRIMAC in Essex County has a median property tax rate of 1.48%, which is above the national median of 1.02%. This rate reflects how the local government funds essential services like schools, infrastructure, and emergency services. When comparing this to the broader state level, MA's median tax rate aligns closely with MERRIMAC's, indicating a consistency in how property taxes are assessed across the region. Understanding these rates can empower homeowners to make informed decisions about property investments and tax appeals.

Property Tax Rates Across Merrimac, 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 Merrimac Tax Rate

1.48%

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 Merrimac, Essex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01860	1.48%	1.48%	1.48%	1.48%	1.48%

Source: Ownwell

Property Tax Assessment Values Across Merrimac, Essex County, Massachusetts

When examining property taxes in Merrimac, 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 Merrimac. For example, the median home price in Merrimac is $476,000, with tax bills ranging significantly across the county. Zip code 01860 has the highest median home price at $476,000.

Property Tax Assessment Values Across Merrimac, Essex County, Massachusetts

Source: Ownwell

$258,000

$568,450

$878,900

Median Merrimac Market Value

$476,000

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 Merrimac, Essex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01860	$342,940	$408,025	$476,000	$580,650	$714,810

Source: Ownwell

Property Tax Bills Across Merrimac, Essex County, Massachusetts

In Merrimac, Essex County, MA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and condition can influence the assessed value, directly impacting the homeowner's tax bill. With a median home price of $476,000, Merrimac's property tax bills can be notably higher than the national median, with the 25th percentile tax bill at $6,029 and the 90th percentile reaching $10,558. This places a substantial financial burden on homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell can assist homeowners in Merrimac by reviewing their property assessments and identifying potential discrepancies or opportunities for exemptions. By challenging over-assessments, Ownwell can help reduce the tax burden, ensuring homeowners pay only their fair share. This service provides peace of mind and potential savings for property owners grappling with high tax bills.

Property Tax Bills Across Merrimac, Essex County, Massachusetts

Source: Ownwell

$2,621

$8,030

$13,438

Median Merrimac Tax Bill

$7,036

Median Essex County Tax Bill

$6,145

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Merrimac, Essex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01860	$5,065	$6,029	$7,036	$8,576	$10,558

Source: Ownwell