Clarksburg, Massachusetts Property Taxes
The median property tax rate in Clarksburg, MA is 1.55%, significantly higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Clarksburg at $189,500, the typical annual property tax bill reaches $2,929, surpassing the national median of $2,690. Property taxes in Clarksburg are determined based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clarksburg'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 Clarksburg 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
Clarksburg, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Clarksburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksburg 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 Clarksburg, Massachusetts
Property taxes in Clarksburg, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksburg is 1.55%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Clarksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksburg 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. The data below compares Clarksburg's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01247 zip code has the highest median property tax rate of 1.55%, while the same 01247 zip code has the lowest median tax rate of 1.55%. Understanding how these cities compare with Clarksburg 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 Clarksburg Tax Rate
1.55%
Average Berkshire County Tax Rate
1.62%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksburg, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01247 | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Clarksburg, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clarksburg, Massachusetts. 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. 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. In Clarksburg, the median home price is $189,500, with tax bills ranging from $2,298 at the 25th percentile to $5,192 at the 90th percentile. The zip code 01247 has the highest and lowest median tax bill at $2,929. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Clarksburg, Massachusetts
Source: Ownwell
$84,400
$502,600
$920,800
Average Clarksburg Assessed Value
$189,500
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 Clarksburg, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01247 | $111,820 | $148,700 | $189,500 | $247,800 | $335,720 |
Source: Ownwell
Property Tax Bills Across Clarksburg, Massachusetts
In Clarksburg, Berkshire County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Clarksburg is $189,500. To determine the tax bill, the assessed value is multiplied by the local property tax rate, which is reflective of the town's budgetary needs and services provided. Factors such as property size, location, and condition also influence the assessed value. Homeowners in Clarksburg experience varying tax bills, with the 25th percentile at $2,298 and the 75th percentile at $3,815. The highest median tax bill in the area is $2,929, and the lowest is also $2,929, indicating a consistent rate across the board. This can significantly impact homeowners, as property taxes are a recurring expense that must be planned for annually. Compared to the national median property tax rate of 0.99%, Clarksburg's rates reflect the specific financial requirements and priorities of the local government.
Average Clarksburg Tax Bill
$2,929
Average Berkshire County Tax Bill
$3,693
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksburg, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01247 | $1,728 | $2,298 | $2,929 | $3,815 | $5,192 |
Source: Ownwell