Wellesley Hills, Norfolk County, Massachusetts Property Taxes
Median Wellesley Hills, MA effective property tax rate: 1.15%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Wellesley Hills, MA home value: $1,430,000
Median annual Wellesley Hills, MA tax bill: $16,374, $13,974 higher than the national median property tax bill of $2,400.
How are property taxes in Norfolk calculated?
Property taxes in Wellesley Hills, 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 Wellesley Hills’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wellesley Hills, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wellesley Hills, Norfolk County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.15%
Estimate Property Tax Bill
$16,445
$15,261
Property Tax Rates Across Wellesley Hills, Norfolk County, Massachusetts
Local government entities determine tax rates, leading to significant variations within a state. Each county annually estimates its budget needs for services and divides this by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. This process, while subject to votes and laws, is essentially how rates are set each year.
In Wellesley Hills, located in Norfolk County, the effective property tax rate stands at 1.15%. This rate is higher than the national median property tax rate of 1.02%, indicating a greater tax burden for property owners compared to the national average. However, it aligns with the state median, reflecting Massachusetts' overall property tax landscape.
Understanding these rates is crucial for property owners, as it directly impacts their annual tax bills. With the national median property tax bill being $2400, property owners in Wellesley Hills may find themselves paying more due to the higher rate. By comparing these rates to other cities in Massachusetts and the national median, property owners can better understand their tax obligations and explore potential savings through appeals or exemptions.
Property Tax Rates Across Wellesley Hills, 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 Wellesley Hills Tax Rate
1.15%
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 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 Wellesley Hills, Norfolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02481 | 1.14% | 1.14% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Wellesley Hills, Norfolk County, Massachusetts
When examining property taxes in Wellesley Hills, 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 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 Norfolk 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 Wellesley Hills. For example, the median home price in Wellesley Hills is $1,430,000, with tax bills ranging significantly across the county. 02481 has the highest median home price at $1,430,000.
Property Tax Assessment Values Across Wellesley Hills, Norfolk County, Massachusetts
Source: Ownwell
$363,800
$896,900
$1,430,000
Median Wellesley Hills Market Value
$1,430,000
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 Wellesley Hills, Norfolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02481 | $897,000 | $1,064,000 | $1,430,000 | $1,931,000 | $2,690,400 |
Source: Ownwell
Property Tax Bills Across Wellesley Hills, Norfolk County, Massachusetts
Property Tax Bills Across Wellesley Hills, Norfolk County, Massachusetts
Source: Ownwell
$4,693
$10,534
$16,374
Median Wellesley Hills Tax Bill
$16,374
Median Norfolk County Tax Bill
$7,156
Median Massachusetts Tax Bill
$5,844
Median United States Tax Bill
$2,400
Property Tax Bills Across Wellesley Hills, Norfolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02481 | $10,271 | $12,183 | $16,374 | $22,110 | $30,805 |
Source: Ownwell