Rowe, Massachusetts Property Taxes
The median property tax rate in Rowe, MA is 0.85%, which is lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With a median home value of $179,500 in Rowe, the typical annual property tax bill amounts to $1,518, significantly below the national median of $2,690. Property taxes in Rowe are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Rowe's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rowe or another part of Berkshire County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rowe, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,526
$1,416
Ownwell’s Rowe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rowe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rowe 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 Rowe, Massachusetts
Property taxes in Rowe, Massachusetts, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Rowe is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Rowe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rowe 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 Rowe's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 01367 has both the highest and lowest median property tax rate of 0.85%, highlighting the consistency within the area. Understanding how these cities compare with Rowe 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 Rowe 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 Rowe, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01367 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Rowe, Massachusetts
In Rowe, 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 Rowe, 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 Rowe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rowe are both $1,518, found in the 01367 zip code.
Average Rowe Assessed Value
$179,500
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 Rowe, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01367 | $146,400 | $150,000 | $179,500 | $191,625 | $205,740 |
Source: Ownwell
Property Tax Bills Across Rowe, Massachusetts
In Rowe, Massachusetts, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Rowe is $179,500, and the property tax rate in Berkshire County plays a crucial role in determining the final tax bill. Homeowners in Rowe can expect their property tax bills to fall within a range, with the 25th percentile tax bill at $1,269 and the 75th percentile tax bill at $1,621. For those in the 90th percentile, the tax bill can go up to $1,741. Several factors influence the assessed value of a property, including market conditions, property size, and any improvements made to the home. These factors collectively impact the overall tax bill, which can be a significant expense for homeowners. Compared to the national median property tax rate of 0.99%, Rowe's tax rate is relatively competitive, making it an appealing location for potential homeowners who are mindful of property tax expenses.
Average Rowe Tax Bill
$1,518
Average Berkshire County Tax Bill
$3,693
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Rowe, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01367 | $1,238 | $1,269 | $1,518 | $1,621 | $1,741 |
Source: Ownwell