Ashley Falls, Massachusetts Property Taxes
The median property tax rate in Ashley Falls, MA is 1.15%, which is considerably higher than the national median of 0.99% but lower than the Massachusetts state median of 1.23%. With a median home value of $292,600 in Ashley Falls, the typical annual property tax bill amounts to $3,367, significantly exceeding the national median of $2,690. Property taxes in Ashley Falls are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Ashley Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ashley Falls 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
Ashley Falls, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$3,365
Ownwell’s Ashley Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashley Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashley Falls 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 Ashley Falls, Massachusetts
Property taxes in Ashley Falls, Massachusetts, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashley Falls is 1.15%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Ashley Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashley Falls 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 Ashley Falls' effective property tax rate to other areas in Massachusetts and the national median. For comparison, the 01222 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these areas compare with Ashley Falls 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 Ashley Falls Tax Rate
1.15%
Average Berkshire County Tax Rate
1.62%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashley Falls, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01222 | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Ashley Falls, Massachusetts
In Ashley Falls, 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 Ashley Falls, 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. With a median home price of $292,600, Ashley Falls homeowners see tax bills ranging from $2,811 at the 25th percentile to $5,493 at the 90th percentile. The zip code 01222 records the highest and lowest median tax bill at $3,367. 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 Ashley Falls, Massachusetts
Source: Ownwell
$84,400
$502,600
$920,800
Average Ashley Falls Assessed Value
$292,600
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 Ashley Falls, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01222 | $197,080 | $245,500 | $292,600 | $364,200 | $478,520 |
Source: Ownwell
Property Tax Bills Across Ashley Falls, Massachusetts
In Ashley Falls, Berkshire County, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by local tax assessors and reflects the market value of the property. Homeowners in Ashley Falls can expect their tax bill to be influenced by this assessed value, along with the local property tax rate. For example, with a median home price of $292,600, the property tax bill can vary significantly. Homeowners in the 25th percentile might pay around $2,811, while those in the 75th percentile could see bills as high as $4,156. The top 10% of property tax bills can reach up to $5,493. These property taxes support essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Ashley Falls homeowners may find their tax rates to be relatively competitive, providing good value for the services received.
Average Ashley Falls Tax Bill
$3,367
Average Berkshire County Tax Bill
$3,693
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashley Falls, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01222 | $2,245 | $2,811 | $3,367 | $4,156 | $5,493 |
Source: Ownwell