Templeton, Worcester County, Massachusetts Property Taxes

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

Median Templeton, 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 Templeton, MA home value: $313,950
Median annual Templeton, MA tax bill: $4,056, $1,656 higher than the national median property tax bill of $2,400.

How are property taxes in Worcester calculated?

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

Last Updated March 1, 2025

Templeton, Worcester County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.29%

Estimate Property Tax Bill

$4,050

$3,758

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

Property Tax Rates Across Templeton, Worcester County, Massachusetts

Local government entities set tax rates, which can vary widely within a state. 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 Templeton’s effective property tax rate to other cities in Massachusetts and the median property tax rates in Massachusetts and the U.S. Templeton, located in Worcester County, has a median property tax rate of 1.29%. This is notably higher than the national median property tax rate of 1.02%. The entire state of Massachusetts shares this median tax rate, indicating a uniform approach across various regions. While some areas in the U.S. enjoy lower rates, Templeton's rate reflects the area's commitment to funding essential local services. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Templeton, 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 Templeton Tax Rate

1.29%

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 Templeton, Worcester County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01468	1.29%	1.29%	1.29%	1.29%	1.29%

Source: Ownwell

Property Tax Assessment Values Across Templeton, Worcester County, Massachusetts

When examining property taxes in Templeton, 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 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 Templeton. For example, the median home price in Templeton is $313,950, with tax bills ranging significantly across the county. 01468 has the highest median home price at $313,950.

Property Tax Assessment Values Across Templeton, Worcester County, Massachusetts

Source: Ownwell

$117,500

$415,400

$713,300

Median Templeton Market Value

$313,950

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 Templeton, Worcester County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01468	$204,700	$248,350	$313,950	$387,675	$448,900

Source: Ownwell

Property Tax Bills Across Templeton, Worcester County, Massachusetts

Property tax bills in Templeton, Worcester County, Massachusetts, are determined by the assessed value of a property and the local tax rate. Homeowners in Templeton face a median property tax bill of $4,056, which is significantly higher than the national median of $2,400. This discrepancy highlights the importance of understanding how property taxes are calculated and the potential impact on household budgets. The assessed value of a property is influenced by factors such as location, property size, and market conditions. In Templeton, homeowners may find themselves paying a tax bill that ranges from $3,208 at the 25th percentile to $5,800 at the 90th percentile, depending on these variables.

Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By leveraging expert knowledge and data analysis, Ownwell can help homeowners identify potential savings on their property tax bills. This can result in substantial financial relief, ensuring that homeowners in Templeton are not overpaying and are receiving all applicable exemptions and reductions.

Property Tax Bills Across Templeton, Worcester County, Massachusetts

Source: Ownwell

$1,685

$6,716

$11,747

Median Templeton Tax Bill

$4,056

Median Worcester County Tax Bill

$5,153

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Templeton, Worcester County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01468	$2,644	$3,208	$4,056	$5,009	$5,800

Source: Ownwell