Petersham, Worcester County, Massachusetts Property Taxes

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

Median Petersham, MA effective property tax rate: 1.58%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Petersham, MA home value: $268,300
Median annual Petersham, MA tax bill: $4,236, $1,836 higher than the national median property tax bill of $2,400.

How are property taxes in Worcester calculated?

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

Last Updated March 1, 2025

Petersham, Worcester County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.58%

Estimate Property Tax Bill

$4,239

$3,934

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

Property Tax Rates Across Petersham, Worcester County, Massachusetts

Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Petersham’s effective property tax rate to other cities in Massachusetts and the median property tax rates in Massachusetts and the U.S. Petersham, located in Worcester County, has a median property tax rate of 1.58%, which is above the national median of 1.02%. This rate is consistent across the region, reflecting the highest and lowest rates in the area. While this might seem high compared to the national median, it aligns with the state's overall property tax trends. Understanding these rates can help homeowners in Petersham plan their finances and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Petersham, Worcester County, Massachusetts

Source: Ownwell

0.98%

1.39%

1.81%

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 Petersham Tax Rate

1.58%

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 Petersham, Worcester County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01366	1.58%	1.58%	1.58%	1.58%	1.58%

Source: Ownwell

Property Tax Assessment Values Across Petersham, Worcester County, Massachusetts

When examining property taxes in Petersham, 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 Petersham.

For example, the median home price in Petersham is $268,300, with tax bills ranging significantly across the county. 01366 has the highest median home price at $268,300.

Property Tax Assessment Values Across Petersham, Worcester County, Massachusetts

Source: Ownwell

$117,500

$415,400

$713,300

Median Petersham Market Value

$268,300

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 Petersham, Worcester County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01366	$184,980	$218,000	$268,300	$334,100	$421,640

Source: Ownwell

Property Tax Bills Across Petersham, Worcester County, Massachusetts

In Petersham, Worcester County, MA, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $268,300, which influences the tax bill significantly. Homeowners in Petersham face a median property tax bill of $4,236, a figure notably higher than the national median of $2,400. Factors such as property location, size, and improvements can affect the assessed value, subsequently impacting the tax bill. For homeowners, this can mean a substantial annual expense, with tax bills ranging from $3,442 at the 25th percentile to $6,658 at the 90th percentile.

Ownwell can assist homeowners in Petersham by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners reduce their tax liabilities. Our team is dedicated to ensuring that property owners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually. Let Ownwell guide you through the process and help ease the financial burden of high property taxes.

Property Tax Bills Across Petersham, Worcester County, Massachusetts

Source: Ownwell

$1,685

$6,716

$11,747

Median Petersham Tax Bill

$4,236

Median Worcester County Tax Bill

$5,153

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Petersham, Worcester County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01366	$2,921	$3,442	$4,236	$5,276	$6,658

Source: Ownwell