Chestnut Hill, Middlesex County, Massachusetts Property Taxes

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

Median CHESTNUT HILL, MA effective property tax rate: 1.02%, matching the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median CHESTNUT HILL, MA home value: $909,850
Median annual CHESTNUT HILL, MA tax bill: $9,390, $6,990 higher than the national median property tax bill of $2,400.

How are property taxes in Middlesex County calculated?

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

Last Updated March 1, 2025

Chestnut Hill, Middlesex County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$9,280

$8,612

Ownwell’s Chestnut Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chestnut Hill with just two data points. By entering your property's estimated assessed value, our calculator applies Chestnut Hill’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 Middlesex County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Chestnut Hill, Middlesex County, Massachusetts

Local government entities set tax rates, which can vary widely within a state. 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 Chestnut Hill’s effective property tax rate to other cities in Massachusetts and the median property tax rates in Massachusetts and the U.S.

Property Tax Rates Across Chestnut Hill, Middlesex County, Massachusetts

Source: Ownwell

0.59%

1.24%

1.90%

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 Chestnut Hill Tax Rate

1.02%

Median Effective Middlesex County Tax Rate

1.22%

Median Effective Massachusetts Tax Rate

1.23%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chestnut Hill, Middlesex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02467	1.02%	1.02%	1.02%	1.02%	1.02%

Source: Ownwell

Property Tax Assessment Values Across Chestnut Hill, Middlesex County, Massachusetts

When examining property taxes in Chestnut Hill, 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 Middlesex 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 Middlesex 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 Chestnut Hill. For example, the median home price in Chestnut Hill is $909,850, with tax bills ranging significantly across the county. ZIP code 02467 has the highest median home price at $909,850.

Property Tax Assessment Values Across Chestnut Hill, Middlesex County, Massachusetts

Source: Ownwell

$320,300

$928,425

$1,536,550

Median Chestnut Hill Market Value

$909,850

Median Middlesex County Market Value

$633,600

Median Massachusetts Market Value

$492,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chestnut Hill, Middlesex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02467	$441,660	$544,500	$909,850	$1,655,575	$2,580,800

Source: Ownwell

Property Tax Bills Across Chestnut Hill, Middlesex County, Massachusetts

In Chestnut Hill, Middlesex County, MA, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Chestnut Hill is $909,850, which significantly influences the tax bill amount. Homeowners in this area face a median tax bill of $9,390, which is considerably higher than the national median property tax bill of $2,400. Factors such as property location, size, and improvements can affect the assessed value, impacting the overall tax bill. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially lowering their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can help ensure homeowners are not overpaying. This service is vital in high-tax areas like Chestnut Hill, where tax bills can range from $5,970 at the 25th percentile to $26,478 at the 90th percentile.

Property Tax Bills Across Chestnut Hill, Middlesex County, Massachusetts

Source: Ownwell

$4,294

$11,232

$18,170

Median Chestnut Hill Tax Bill

$9,390

Median Middlesex County Tax Bill

$7,427

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Chestnut Hill, Middlesex County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02467	$4,547	$5,970	$9,390	$16,957	$26,478

Source: Ownwell