01851 Property Tax Rate

Property owners in ZIP code 01851 (Lowell, Massachusetts) pay a median of $4,672/year in property taxes on homes valued at $432,100. This translates to an effective tax rate of 1.08%, which is 4% below the Massachusetts state average of 1.13%.

The monthly property tax burden for a median-valued home in 01851 is approximately $389, which factors into escrow payments on mortgages. This ZIP code is located within Middlesex County. This is $1,060 less than the Massachusetts average of $5,732/year.

Compared to similar ZIP codes in Massachusetts, 01851 has lower property taxes. ZIP codes with similar effective rates include 02171 (1.08%) and 01608 (1.08%).

In Lowell, property taxes represent approximately 5.3% of the median household income of $87,962, providing context for the relative tax burden on homeowners in this area.

Massachusetts Chapter 59 offers senior (65+), veteran, and widow exemptions reducing assessed value by $800–$3,000 on Middlesex County properties, with income limits varying by municipality. File your exemption application with the Middlesex County Assessor by April 1 each year if you own and occupy your primary residence. Contact the Middlesex County Assessor's office within 30 days of closing to obtain the application and confirm your municipality's specific exemption amounts and income thresholds.