Newbury, Essex County, Massachusetts Property Taxes
Median Newbury, MA effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Newbury, MA home value: $818,800
Median annual Newbury, MA tax bill: $6,288, $3,888 higher than the national median property tax bill of $2,400.
How are property taxes in Essex County calculated?
Property taxes in Newbury, 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 Newbury’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newbury, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Newbury, Essex County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$6,556
$6,084
Property Tax Rates Across Newbury, Essex County, Massachusetts
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation stems from the fact that each county annually estimates its necessary budget for providing services and divides it by the total value of all taxable property within its area. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual procedure.
In Newbury, located in Essex County, Massachusetts, the effective property tax rate is 0.77%, which is notably below the national median of 1.02%. This makes Newbury an attractive option for property owners seeking lower tax burdens. When compared to other cities in Massachusetts, Newbury's rate offers a competitive advantage, as it aligns with the lowest rates in the state. The lower tax rate can translate to significant savings for homeowners, making it an appealing choice for those looking to minimize their property tax expenses. Understanding these rates can help residents make informed decisions about property investments and financial planning.
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 Newbury Tax Rate
0.75%
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
1.07%
Median Effective Massachusetts Tax Rate
1.15%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Newbury, Essex County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01951 | 0.74% | 0.74% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Newbury, Essex County, Massachusetts
When examining property taxes in Newbury, 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 April. 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 Newbury. For example, the median home price in Newbury is $818,800, with tax bills ranging significantly across the county. Zip code 01951 has the highest median home price at $819,300.
Property Tax Assessment Values Across Newbury, Essex County, Massachusetts
Source: Ownwell
$317,300
$693,825
$1,070,350
Median Newbury Market Value
$874,100
Median Essex County Market Value
$622,800
Median Massachusetts Market Value
$561,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Newbury, Essex County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01951 | $609,620 | $723,500 | $874,100 | $1,109,800 | $1,490,820 |
Source: Ownwell
Property Tax Bills Across Newbury, Essex County, Massachusetts
Median Newbury Tax Bill
$6,519
Median Essex County Tax Bill
$6,608
Median Massachusetts Tax Bill
$6,068
Median United States Tax Bill
$2,400
Property Tax Bills Across Newbury, Essex County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01951 | $4,550 | $5,395 | $6,519 | $8,268 | $11,107 |
Source: Ownwell