Buckland, Massachusetts Property Taxes
The median property tax rate in Buckland, MA is 1.69%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Buckland at $253,200, the typical annual property tax bill reaches $4,289, exceeding the national median of $2,690. Property taxes in Buckland 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 Buckland'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 Buckland 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
Buckland, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Buckland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buckland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buckland 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 Buckland, Massachusetts
Property taxes in Buckland, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buckland is 1.69%, significantly higher than both the Massachusetts state median of 1.23% and the U.S. national median of 0.99%. Local government entities within Buckland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buckland 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 Buckland's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01338 zip code has the highest median property tax rate of 1.69%, while the same zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with Buckland provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buckland Tax Rate
1.69%
Average Franklin County Tax Rate
1.69%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buckland, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01338 | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Buckland, Massachusetts
In Buckland, 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 Franklin 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 Buckland, 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 Buckland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Buckland is $253,200, with tax bills ranging from $3,262 at the 25th percentile to $6,632 at the 90th percentile. The highest and lowest median tax bills are both $4,289 in zip code 01338.
Average Buckland Assessed Value
$253,200
Average Franklin County Assessed Value
$252,600
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buckland, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01338 | $129,600 | $192,540 | $253,200 | $321,000 | $391,500 |
Source: Ownwell
Property Tax Bills Across Buckland, Massachusetts
In Buckland, located in Franklin 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, which evaluates the market value of homes. Homeowners in Buckland see their tax bills influenced by several factors, including property size, location, and any improvements made to the property. For example, the median home price in Buckland is $253,200. Tax bills in this area vary significantly, with the 25th percentile tax bill at $3,262 and the 75th percentile tax bill at $5,438. The highest tax bills, around the 90th percentile, can reach up to $6,632. These numbers indicate that property taxes in Buckland are relatively high compared to the national median property tax rate of 0.99%. High property taxes can have a substantial impact on homeowners, affecting their overall housing affordability and financial planning. Understanding how these taxes are calculated helps residents better anticipate their annual financial obligations.
Average Buckland Tax Bill
$4,289
Average Franklin County Tax Bill
$4,270
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Buckland, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01338 | $2,195 | $3,262 | $4,289 | $5,438 | $6,632 |
Source: Ownwell