Adams, Massachusetts Property Taxes
The median property tax rate in Adams, MA is 1.85%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Adams, the typical annual property tax bill reaches $3,192, exceeding the national median of $2,690. Property taxes in Adams are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Adams's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Adams or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adams, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$3,188
Ownwell’s Adams Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adams with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adams to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Adams, Massachusetts
Property taxes in Adams, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adams is 1.85%, significantly higher than the U.S. national median of 0.99%. Local government entities within Adams set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adams estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. Understanding how Adams compares with other areas provides valuable insights into the varying tax landscape across Berkshire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adams Tax Rate
1.85%
Average Berkshire County Tax Rate
1.62%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adams, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01220 | 1.85% | 1.85% | 1.85% | 1.86% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Adams, Massachusetts
In Adams, Massachusetts, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Berkshire County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Adams, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Adams helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Adams is 01220, with a median tax bill of $3,192, which is also the lowest median tax bill in the area.
Average Adams Assessed Value
$172,350
Average Berkshire County Assessed Value
$256,200
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adams, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01220 | $111,720 | $140,700 | $172,350 | $210,000 | $265,890 |
Source: Ownwell
Property Tax Bills Across Adams, Massachusetts
In Adams, Berkshire County, MA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors who evaluate the property's market value. The property tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $172,350, homeowners can expect varying tax bills. The 25th percentile tax bill is around $2,610, while the 75th percentile tax bill reaches approximately $3,884, and the 90th percentile tax bill can be as high as $4,916. These figures indicate that homeowners in Adams may face higher property tax bills compared to the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and changes in local government budgets can influence these assessments. Understanding these elements is crucial for homeowners to anticipate their financial obligations and plan accordingly.
Average Adams Tax Bill
$3,192
Average Berkshire County Tax Bill
$3,693
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Adams, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01220 | $2,074 | $2,610 | $3,192 | $3,884 | $4,916 |
Source: Ownwell