Housatonic, Massachusetts Property Taxes
The median property tax rate in Housatonic, MA is 1.41%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Housatonic at $379,200, the typical annual property tax bill reaches $4,794, exceeding the national median of $2,690. Property taxes in Housatonic 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 Housatonic'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 Housatonic 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
Housatonic, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$5,347
Ownwell’s Housatonic Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Housatonic with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Housatonic 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 Housatonic, Massachusetts
Property taxes in Housatonic, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Housatonic is 1.41%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Housatonic set these rates annually, and they can vary across different neighborhoods. Each year, Housatonic 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 Housatonic's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 01236 has both the highest and lowest median property tax rate of 1.41%. Understanding how these cities compare with Housatonic 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 Housatonic Tax Rate
1.41%
Average Berkshire County Tax Rate
1.62%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Housatonic, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01236 | 1.03% | 1.03% | 1.41% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Housatonic, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Housatonic, 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. In Housatonic, 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. The median home price in Housatonic is $379,200. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code with the highest median tax bill is 01236, with a tax bill of $4,794. 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 Housatonic, Massachusetts
Source: Ownwell
$84,400
$502,600
$920,800
Average Housatonic Assessed Value
$379,200
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 Housatonic, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01236 | $254,500 | $297,700 | $379,200 | $567,800 | $782,300 |
Source: Ownwell
Property Tax Bills Across Housatonic, Massachusetts
In Housatonic, property tax bills are determined by the assessed value of a home and the local tax rate set by Berkshire County. The assessed value is an estimate of the property's market value, which is periodically evaluated by local assessors. Homeowners in Housatonic see a range of tax bills, with the 25th percentile paying around $3,766 and the 75th percentile paying as much as $6,935 annually. The 90th percentile reaches up to $9,179, indicating significant variability based on property values. The median home price in Housatonic is $379,200, and the property tax rate is influenced by the county's budget needs and voter-approved levies. Compared to the national median property tax rate of 0.99%, homeowners in Housatonic face relatively high property taxes. This can impact homeowners by increasing their annual housing costs, making budgeting essential. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Housatonic Tax Bill
$4,794
Average Berkshire County Tax Bill
$3,693
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Housatonic, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01236 | $3,039 | $3,766 | $4,794 | $6,935 | $9,179 |
Source: Ownwell