Waltham, Norfolk County, Massachusetts Property Taxes

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

Median Waltham, 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 Waltham, MA home value: $583,400
Median annual Waltham, MA tax bill: $5,816, $3,416 higher than the national median property tax bill of $2,400.

How are property taxes in Norfolk calculated?

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

Last Updated March 1, 2025

Waltham, Norfolk County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$5,834

$5,414

Ownwell’s Waltham Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waltham with just two data points. By entering your property's estimated assessed value, our calculator applies Waltham’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 25021. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waltham, Norfolk County, Massachusetts

Local government entities determine tax rates, which can significantly differ within Massachusetts. Each year, counties like Middlesex estimate their budgets to fund essential services and divide this by the total value of all taxable property within their boundaries. This calculation establishes the property tax rate. Though the process involves votes and legislation, this is the basic annual procedure.

In Waltham, Middlesex County, the effective property tax rate is 1.14%, slightly higher than the state median of 1.23%, yet it remains above the national median of 1.02%. With a median property tax bill of $6,928, Waltham’s rate is reflective of the city's commitment to maintaining a high standard of public services. Comparatively, the state's median property tax bill is $5,361, which is significantly higher than the national median of $2,400.

These numbers highlight the importance of understanding local tax rates and their implications on property owners. As property values and budgets evolve, so too do tax rates, making it crucial for homeowners to stay informed and consider potential savings through appeals and exemptions.

Property Tax Rates Across Waltham, Norfolk County, Massachusetts

Source: Ownwell

0.98%

1.42%

1.86%

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 Waltham Tax Rate

1.00%

Median Effective Norfolk County Tax Rate

1.18%

Median Effective Massachusetts Tax Rate

1.23%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waltham, Norfolk County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02452	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Waltham, Norfolk County, Massachusetts

When examining property taxes in Waltham, 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 Norfolk County 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 Norfolk 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 Waltham. For example, the median home price in Waltham is $583,400, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Waltham, Norfolk County, Massachusetts

Source: Ownwell

$363,800

$896,900

$1,430,000

Median Waltham Market Value

$583,400

Median Norfolk County Market Value

$592,100

Median Massachusetts Market Value

$492,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waltham, Norfolk County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02452	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Waltham, Norfolk County, Massachusetts

In Waltham, located in Norfolk County, MA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the market value of the property. Homeowners in Waltham face a median property tax bill of $5,816, significantly higher than the national median property tax bill of $2,400. This reflects the higher median home price in the area, which stands at $583,400. The property tax rate in Waltham is influenced by local budgetary needs, including funding for schools, infrastructure, and public services. High property tax bills can be a burden for homeowners, potentially impacting their financial stability. Ownwell can assist homeowners in Waltham by reviewing their property assessments and identifying opportunities for tax appeals or exemptions. By leveraging expert knowledge and experience, Ownwell can help homeowners potentially reduce their property tax liabilities, ensuring they pay only their fair share and improving their financial well-being.

Property Tax Bills Across Waltham, Norfolk County, Massachusetts

Source: Ownwell

$4,693

$10,534

$16,374

Median Waltham Tax Bill

$5,816

Median Norfolk County Tax Bill

$7,156

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Waltham, Norfolk County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02452	N/A	N/A	N/A	N/A	N/A

Source: Ownwell