Becket, Berkshire County, Massachusetts Property Taxes
The median property tax rate in Becket, MA is 1.08%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Becket, the typical annual property tax bill reaches $2,992, exceeding the national median of $2,690. Property taxes in Becket 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 Becket'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 Becket 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
Becket, Berkshire County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,994
$2,778
Ownwell’s Becket Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Becket with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Becket 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 Becket, Berkshire County, Massachusetts
Property taxes in Becket, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Becket is 1.08%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Becket set these rates annually, and they can vary significantly across different neighborhoods. Each year, Becket 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 Becket's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01223 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Becket 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 Becket Tax Rate
1.08%
Average Berkshire County Tax Rate
1.62%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Becket, Berkshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01223 | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Becket, Berkshire County, Massachusetts
In Becket, 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 Becket, 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. The median home price in Becket is $277,200, with tax bills ranging significantly. The highest median tax bill is $2,992 in zip code 01223, which is also the lowest. 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 Becket, Berkshire County, Massachusetts
Source: Ownwell
$84,400
$299,300
$514,200
Average Becket Assessed Value
$277,200
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 Becket, Berkshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01223 | $102,600 | $170,200 | $277,200 | $394,200 | $524,680 |
Source: Ownwell
Property Tax Bills Across Becket, Berkshire County, Massachusetts
In Becket, Berkshire County, MA, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office, reflecting the estimated market value of the property. Homeowners in Becket pay a median property tax rate of 0.99%, aligning with the national median. For a home valued at the median price of $277,200, this results in an annual tax bill of approximately $2,745. However, tax bills can vary significantly; for instance, homeowners in the 25th percentile pay around $1,836, while those in the 75th percentile pay about $4,279. At the higher end, the 90th percentile tax bill reaches $5,722. The highest and lowest median tax bills in the area both stand at $2,992, within the 01223 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life and community resources available to homeowners in Becket.
Average Becket Tax Bill
$2,992
Average Berkshire County Tax Bill
$3,693
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Becket, Berkshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01223 | $1,106 | $1,836 | $2,992 | $4,279 | $5,722 |
Source: Ownwell