Bernardston, Massachusetts Property Taxes
The median property tax rate in Bernardston, MA is 1.60%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Bernardston at $274,600, the typical annual property tax bill reaches $4,325, exceeding the national median of $2,690. Property taxes in Bernardston 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 Bernardston'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 Bernardston 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
Bernardston, 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 Bernardston Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bernardston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bernardston 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 Bernardston, Massachusetts
Property taxes in Bernardston, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bernardston is 1.60%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Bernardston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bernardston 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 Bernardston's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 01337 has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Bernardston provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bernardston Tax Rate
1.60%
Average Franklin County Tax Rate
1.69%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bernardston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01337 | 1.52% | 1.60% | 1.60% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Bernardston, Massachusetts
In Bernardston, 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 Franklin 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 Bernardston, 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 Bernardston is $274,600, with tax bills ranging from $3,579 at the 25th percentile to $7,178 at the 90th percentile. Notably, the zip code 01337 has the highest and lowest median tax bill at $4,325. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bernardston, Massachusetts
Source: Ownwell
$41,900
$262,550
$483,200
Average Bernardston Assessed Value
$274,600
Average Franklin County Assessed Value
$252,600
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bernardston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01337 | $177,400 | $225,700 | $274,600 | $351,250 | $449,000 |
Source: Ownwell
Property Tax Bills Across Bernardston, Massachusetts
In Bernardston, located in Franklin 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 Bernardston is $274,600, and the tax bill can vary significantly depending on various factors. For instance, the 25th percentile tax bill is $3,579, while the 75th percentile tax bill rises to $5,570, and the 90th percentile tax bill reaches $7,178. This variation is due to differences in property values and any applicable exemptions. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as the property's location, size, and condition can influence its assessed value. Homeowners in Bernardston face a median tax bill of $4,325, which is higher than the national median property tax rate of 0.99%. This higher tax burden can impact homeowners by increasing their annual expenses, making it crucial for them to understand and manage their property tax liabilities effectively.
Average Bernardston Tax Bill
$4,325
Average Franklin County Tax Bill
$4,270
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Bernardston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01337 | $2,755 | $3,579 | $4,325 | $5,570 | $7,178 |
Source: Ownwell