Taxes in Wellesley, Massachusetts
Complete tax guide for Wellesley, MA. State income tax up to 5%, 1.15% property tax, 7.68% sales tax. Calculate your total tax burden.
State Income Tax
5%
Massachusetts
Property Tax
1.15%
Effective rate
Sales Tax
7.68%
Combined rate
Tax Burden
Moderate
Wellesley, MA Tax Overview
Population
29,673
Median Income
$82,900
Cost of Living
136.7 (100 = avg)
State Income Tax
5%
Median Home Price
$499,000
Wellesley Tax Calculator
Pre-filled with Wellesley median: $82,900
Total Tax Burden in Wellesley
$20,339
Take-Home: $62,561 · Effective Rate: 24.53%
Federal Tax
$9,852
11.88% eff.
MA State
$4,145
5.00% eff.
FICA
$6,342
7.65% eff.
Take-Home
$62,561
75.47% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $82,900.00 | $6,908.33 |
| Federal Income Tax | -$9,852.00 | -$821.00 |
| Massachusetts State Tax | -$4,145.00 | -$345.42 |
| Social Security (6.2%) | -$5,139.80 | -$428.32 |
| Medicare (1.45%) | -$1,202.05 | -$100.17 |
| Take-Home Pay | $62,561.15 | $5,213.43 |
Property Tax in Wellesley
Median Home
$499,000
Annual Tax
$5,739
Monthly Tax
$478
Effective Rate
1.15%
Sales Tax in Wellesley
Combined Rate
7.68%
State Portion
~5.2%
Local Portion
~2.5%
The combined sales tax rate in Wellesley is 7.68%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.68 in sales tax.
Tax Burden Comparison
| Tax Type | Wellesley | Massachusetts Avg | National Avg |
|---|---|---|---|
| Income Tax | 5% | 5% | 4.6% |
| Property Tax | 1.15% | ~1.15% | 1.1% |
| Sales Tax | 7.68% | ~7.68% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Wellesley Residents
- Massachusetts's income tax rate of 5% is competitive. You may still benefit from maximizing 401(k) contributions ($23,500 limit) to reduce your taxable income at both state and federal levels.
- Property tax in Wellesley (1.15%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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HighCalculate Your Full Massachusetts Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Wellesley, MA?
Wellesley, Massachusetts has a state income tax rate up to 5%. The property tax rate is 1.15% and the combined sales tax rate is 7.68%.
How much is property tax in Wellesley?
The effective property tax rate in Wellesley is 1.15%. On the median home price of $499,000, this equals approximately $5,739 per year or $478 per month. This is above the national average of 1.1%.
What is the sales tax rate in Wellesley?
The combined sales tax rate in Wellesley is 7.68%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Wellesley's tax burden compare to other cities?
Wellesley has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 29.5%. The combination of 5% state income tax, 1.15% property tax, and 7.68% sales tax determines the total burden. Cost of living index is 136.7 (100 = national average).
Are there any local taxes in Wellesley?
Wellesley does not impose a separate local or city income tax. Residents pay the state income tax of 5%, federal income tax, and FICA (Social Security and Medicare).