How much are property taxes in Princeton, MA?

Homeowners in Princeton, MA pay a median of $6,633 (±$333) a year in real estate taxes (2020–2024 American Community Survey, table B25103).

Homes with a mortgage pay a median of $6,231.

Homes without a mortgage pay a median of $7,639.

That is about 1.3% of the median home value of $520,500.

In Princeton, the median real estate tax went from $5,831 in 2015–2019 to $6,633 in 2020–2024 (+13.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median real estate taxes
$6,633 (±$333)
With a mortgage
$6,231
Without a mortgage
$7,639
Share of median value
1.3%

Real estate taxes in Princeton against Worcester County, its state and the nation

Median real estate taxes paid a year, estimate (90% margin of error)
PrincetonWorcester CountyMassachusettsUnited States
Median real estate taxes$6,633 (±$333)$5,438 (±$56)$5,992 (±$18)$3,119
Homes with a mortgage$6,231 (±$338)$5,456 (±$69)$5,987 (±$25)$3,489
Homes without a mortgage$7,639 (±$1,104)$5,398 (±$114)$6,001 (±$37)$2,576
Median home value$520,500 (±$48,253)$423,700 (±$3,371)$562,100 (±$2,169)$332,700

In Princeton, the median real estate tax is higher than in Worcester County ($5,438).

It is also higher than in Massachusetts ($5,992).

It is higher than the national figure ($3,119).

In Worcester County, Princeton ranks 17 of 60 places with a published estimate, from highest to lowest median real estate taxes.

Statewide, it ranks 114 of 351.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Taxes as a share of home value in Princeton

The median tax ($6,633) is 1.3% of the median home value ($520,500).

Across Worcester County the same ratio is 1.3%.

Across Massachusetts it is 1.1%.

This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.

Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.

How property taxes in Princeton have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median real estate taxes$5,831 (±$333)$6,633 (±$333)+13.8%No measurable change after inflation
Median home value$373,600 (±$17,289)$520,500 (±$48,253)+39.3%Up after inflation
Median owner cost with a mortgage$2,322 (±$229)$2,644 (±$190)+13.9%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median real estate taxes in places near Princeton

Nearest places with a published estimate, compared with Princeton
PlaceDistanceMedian real estate taxesCompared with this place
Princeton—$6,633 (±$333)—
Sterling5.2 mi$6,757 (±$516)Not measurably different
Rutland6.5 mi$5,657 (±$295)Lower
Holden6.8 mi$6,359 (±$216)Not measurably different
Hubbardston7.0 mi$4,716 (±$291)Lower
Rutland (community)7.0 mi$4,893 (±$496)Lower
Westminster7.1 mi$4,973 (±$702)Lower
Leominster7.1 mi$5,256 (±$208)Lower
West Boylston7.5 mi$6,115 (±$391)Lower

Nearby places with a measurably lower figure: Rutland, MA ($5,657), Hubbardston, MA ($4,716), Rutland (community), MA ($4,893).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median real estate taxes across Worcester County, place by place

RankPlaceMedian real estate taxes
11Grafton$7,117 (±$248)
12Berlin$7,116 (±$555)
13Shrewsbury$6,923 (±$251)
14Hopedale$6,868 (±$797)
15Sutton$6,763 (±$406)
16Sterling$6,757 (±$516)
17Princeton$6,633 (±$333)
18Sturbridge$6,520 (±$252)
19Lunenburg$6,401 (±$241)
20Holden$6,359 (±$216)
21Douglas$6,338 (±$426)
22West Boylston$6,115 (±$391)
23Ashburnham$6,046 (±$478)

Showing 13 of 60 places in Worcester County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Princeton

How much are property taxes in Princeton?

The median real estate tax paid by homeowners in Princeton, MA is $6,633 (±$333) a year (2020–2024 American Community Survey).

What is the property tax rate in Princeton?

The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 1.3% of the median home value in Princeton, and the actual rate is set by the town, county and school district.

Have property taxes in Princeton gone up?

In Princeton, the median real estate tax went from $5,831 in 2015–2019 to $6,633 in 2020–2024 (+13.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Are property taxes in Princeton higher than in Worcester County?

In Princeton, the median real estate tax is higher than in Worcester County ($5,438).

It is also higher than in Massachusetts ($5,992).

It is higher than the national figure ($3,119).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Princeton town, Worcester County, Massachusetts (county subdivision:55395, in state:25 county:027).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.

The API needs a free key.

Request a Census API key.

B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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