Great Barrington, Massachusetts Property Taxes
The median property tax rate in Great Barrington, 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 Great Barrington at $430,550, the typical annual property tax bill reaches $4,871, exceeding the national median of $2,690. Property taxes in Great Barrington 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 Great Barrington'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 Great Barrington 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
Great Barrington, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$6,071
$5,633
Ownwell’s Great Barrington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Great Barrington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Great Barrington 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 Great Barrington, Massachusetts
Property taxes in Great Barrington, Massachusetts, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Great Barrington is 1.41%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Great Barrington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Great Barrington 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 Great Barrington's effective property tax rate to other areas in Massachusetts and the national median. For comparison, the zip code 01230 has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Great Barrington 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 Great Barrington 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 Great Barrington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01230 | 0.70% | 0.70% | 1.41% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Great Barrington, Massachusetts
In Great Barrington, 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 Great Barrington, 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. Being aware of these valuation processes in Great Barrington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 01230 has the highest and lowest median tax bill, both at $4,871.
Property Tax Assessment Values Across Great Barrington, Massachusetts
Source: Ownwell
$84,400
$502,600
$920,800
Average Great Barrington Assessed Value
$430,550
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 Great Barrington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01230 | $245,520 | $310,575 | $430,550 | $655,300 | $981,160 |
Source: Ownwell
Property Tax Bills Across Great Barrington, Massachusetts
In Great Barrington, located in Berkshire County, MA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in the area stands at $430,550. Property taxes are computed by multiplying the assessed value by the local tax rate. The tax bill for a property can vary significantly depending on various factors, including the property's location, improvements, and market conditions. For homeowners in Great Barrington, the tax burden can be substantial. The 25th percentile of tax bills is $3,491, while the 75th percentile reaches $7,314, and the 90th percentile goes up to $11,039. The highest and lowest median tax bills in the area are both at $4,871, reflecting a consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Great Barrington's homeowners may experience higher tax bills, which can impact their overall financial planning and homeownership costs.
Average Great Barrington Tax Bill
$4,871
Average Berkshire County Tax Bill
$3,693
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Great Barrington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01230 | $2,375 | $3,491 | $4,871 | $7,314 | $11,039 |
Source: Ownwell