Drury, Berkshire County, Massachusetts Property Taxes
The median property tax rate in Drury, MA is 0.85%, which is lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Drury at $178,000, the typical annual property tax bill reaches $1,506, falling below the national median of $2,690. Property taxes in Drury 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 Drury'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 Drury 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
Drury, Berkshire County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,513
$1,404
Ownwell’s Drury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Drury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Drury 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 Berkshire County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Drury, Berkshire County, Massachusetts
Property taxes in Drury, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Drury is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Drury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Drury 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 Drury's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01343 zip code has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these areas compare with Drury provides valuable insights into the varying tax landscape across Berkshire, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Drury Tax Rate
0.85%
Average Berkshire County Tax Rate
1.62%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Drury, Berkshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01343 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Drury, Berkshire County, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Drury, 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 Drury, 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. For instance, the median home price in Drury is $178,000, with property tax bills ranging from $1,241 at the 25th percentile to $2,476 at the 90th percentile. Zip code 01343 has the highest and lowest median tax bill of $1,506. 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 Drury, Berkshire County, Massachusetts
Source: Ownwell
$84,400
$299,300
$514,200
Average Drury Assessed Value
$178,000
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 Drury, Berkshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01343 | $111,370 | $146,625 | $178,000 | $248,975 | $292,690 |
Source: Ownwell
Property Tax Bills Across Drury, Berkshire County, Massachusetts
Property tax bills in Drury, located in Berkshire County, MA, 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, which evaluates the property's market value and applies an assessment ratio. Homeowners in Drury can expect their tax bills to vary significantly based on their property's assessed value. The 25th percentile tax bill is $1,241, while the 75th percentile tax bill reaches $2,106, and the 90th percentile tax bill is $2,476. Compared to the national median property tax rate of 0.99%, the property tax rate in Drury reflects the local government's need to fund public services such as schools, infrastructure, and emergency services. For homeowners, this means that higher-valued properties will result in higher tax bills, impacting their annual financial planning. The highest and lowest median tax bills in Drury both stand at $1,506, indicating a relatively uniform tax rate across different areas within the city.
Average Drury Tax Bill
$1,506
Average Berkshire County Tax Bill
$3,693
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Drury, Berkshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01343 | $942 | $1,241 | $1,506 | $2,106 | $2,476 |
Source: Ownwell