Leicester, Worcester County, Massachusetts Property Taxes
Median Leicester, MA effective property tax rate: 1.29%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Leicester, MA home value: $318,450
Median annual Leicester, MA tax bill: $4,094, $1,694 higher than the national median property tax bill of $2,400.
How are property taxes in Worcester County calculated?
Property taxes in Leicester, 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 Leicester’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Leicester, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Leicester, Worcester County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.29%
Estimate Property Tax Bill
$4,108
$3,812
Property Tax Rates Across Leicester, Worcester County, Massachusetts
Local government entities set property tax rates, which can vary widely within Massachusetts. This variation arises because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essential process.
In Leicester, Worcester County, the effective property tax rate is a reflection of this process. When compared to other cities in Massachusetts, Leicester's tax rate can offer insights into local fiscal policies and priorities. The median property tax rate in Massachusetts is higher than the national median of 1.02%, indicating a more significant investment in local services and infrastructure. Understanding these rates can help property owners make informed decisions about their investments and financial planning.
By appealing property taxes or exploring available exemptions, property owners in Leicester can potentially reduce their tax burden, ensuring they only pay their fair share. This proactive approach can lead to significant savings and a better understanding of local tax dynamics.
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 Leicester Tax Rate
1.29%
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 Worcester County Tax Rate
1.43%
Median Effective Massachusetts Tax Rate
1.23%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Leicester, Worcester County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01524 | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Leicester, Worcester County, Massachusetts
When examining property taxes in Leicester, 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 Worcester 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 Worcester 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 Leicester. For example, the median home price in Leicester is $318,450, with tax bills ranging significantly across the county. 01524 has the highest median home price at $318,450.
Property Tax Assessment Values Across Leicester, Worcester County, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Median Leicester Market Value
$318,450
Median Worcester County Market Value
$360,000
Median Massachusetts Market Value
$492,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Leicester, Worcester County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01524 | $231,050 | $268,650 | $318,450 | $391,425 | $463,920 |
Source: Ownwell
Property Tax Bills Across Leicester, Worcester County, Massachusetts
In Leicester, Worcester County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $318,450, homeowners face property tax bills that can significantly impact their finances. The median tax bill in Leicester is $4,094, notably higher than the national median of $2,400. Factors such as the property's location, size, and condition influence its assessed value, which, in turn, determines the tax bill. Homeowners in the 25th percentile pay around $3,454, while those in the 75th and 90th percentiles pay $5,034 and $5,966, respectively. These figures highlight the variability in tax burdens across different properties.
Ownwell assists homeowners in Leicester by identifying potential savings on their property tax bills. By analyzing assessment inaccuracies and applying for applicable exemptions, Ownwell can help reduce the tax burden. This service is crucial for homeowners looking to manage their expenses and ensure they are not overpaying on their property taxes.
Property Tax Bills Across Leicester, Worcester County, Massachusetts
Source: Ownwell
$1,685
$6,716
$11,747
Median Leicester Tax Bill
$4,094
Median Worcester County Tax Bill
$5,153
Median Massachusetts Tax Bill
$5,844
Median United States Tax Bill
$2,400
Property Tax Bills Across Leicester, Worcester County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01524 | $2,971 | $3,454 | $4,094 | $5,034 | $5,966 |
Source: Ownwell