Chestnut Hill, Suffolk County, Massachusetts Property Taxes
Median Chestnut Hill, MA effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Chestnut Hill, MA home value: $408,200
Median annual Chestnut Hill, MA tax bill: $4,384, $1,984 higher than the national median property tax bill of $2,400.
How are property taxes in Suffolk 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, Suffolk County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$4,368
$4,053
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 Suffolk County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Chestnut Hill, Suffolk County, Massachusetts
Local government entities determine property tax rates, which can differ significantly within Massachusetts. This variation arises because each county, including Suffolk County, calculates its necessary budget for public services annually. They then divide this budget by the total assessed value of all taxable properties within their jurisdiction, resulting in the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this is the core of the annual process.
In Chestnut Hill, located in Suffolk County, the effective property tax rate stands at 1.07%, aligning with the highest and lowest rates within the area. When compared to the national median property tax rate of 1.02%, Chestnut Hill's rate is slightly higher. Additionally, the national median property tax bill is $2,400, providing a benchmark for comparison. Understanding these figures helps property owners in Chestnut Hill make informed decisions about their property tax appeals and exemption opportunities.
Property Tax Rates Across Chestnut Hill, Suffolk County, Massachusetts
Source: Ownwell
0.95%
1.09%
1.24%
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
1.07%
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 Suffolk County Tax Rate
1.07%
Median Effective Massachusetts Tax Rate
1.23%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chestnut Hill, Suffolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02467 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Chestnut Hill, Suffolk 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 Suffolk 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 Suffolk 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 Chestnut Hill. For example, the median home price in Chestnut Hill is $408,200, with tax bills ranging significantly across the county. 02467 has the highest median home price at $408,200.
Property Tax Assessment Values Across Chestnut Hill, Suffolk County, Massachusetts
Source: Ownwell
$408,200
$1,852,150
$3,296,100
Median Chestnut Hill Market Value
$408,200
Median Suffolk County Market Value
$641,300
Median Massachusetts Market Value
$492,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chestnut Hill, Suffolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02467 | $296,300 | $331,100 | $408,200 | $900,850 | $1,514,380 |
Source: Ownwell
Property Tax Bills Across Chestnut Hill, Suffolk County, Massachusetts
In Chestnut Hill, Suffolk County, MA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $408,200, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is $3,556, while the 75th percentile reaches $9,676, and the 90th percentile climbs to $16,264. These figures highlight the potential financial impact on homeowners, especially when compared to the national median property tax bill of $2,400. The tax rate in Chestnut Hill is influential in these calculations, and homeowners may find themselves paying more than the national average.
Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially lower their tax bills. By analyzing property assessments and ensuring they reflect true market values, Ownwell can identify discrepancies and assist in appealing unfair assessments. This professional guidance can lead to significant savings, alleviating the financial burden on homeowners in Chestnut Hill.
Property Tax Bills Across Chestnut Hill, Suffolk County, Massachusetts
Source: Ownwell
$4,384
$19,892
$35,400
Median Chestnut Hill Tax Bill
$4,384
Median Suffolk County Tax Bill
$6,836
Median Massachusetts Tax Bill
$5,844
Median United States Tax Bill
$2,400
Property Tax Bills Across Chestnut Hill, Suffolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02467 | $3,182 | $3,556 | $4,384 | $9,676 | $16,264 |
Source: Ownwell