Ashfield, Massachusetts Property Taxes
The median property tax rate in Ashfield, MA is 1.35%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Ashfield at $216,650, the typical annual property tax bill reaches $3,086, exceeding the national median of $2,690. Property taxes in Ashfield 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 Ashfield'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 Ashfield 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
Ashfield, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,925
$2,714
Ownwell’s Ashfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashfield 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 Ashfield, Massachusetts
Property taxes in Ashfield, Massachusetts, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashfield is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ashfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashfield 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 Ashfield's effective property tax rate to other areas in Hampshire County and the national median. For comparison, the 01330 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these figures compare with Ashfield provides valuable insights into the varying tax landscape across Hampshire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashfield Tax Rate
1.35%
Average Hampshire County Tax Rate
1.63%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01330 | 1.35% | 1.35% | 1.35% | 1.38% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Ashfield, Massachusetts
In Ashfield, 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 Hampshire 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 Ashfield, 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 highest median tax bill in Ashfield is $3,086 in the 01330 zip code, while the lowest is also $3,086 in the same zip code. 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 Ashfield, Massachusetts
Source: Ownwell
$189,450
$450,950
$712,450
Average Ashfield Assessed Value
$216,650
Average Hampshire County Assessed Value
$310,200
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01330 | $109,066 | $156,595 | $216,650 | $294,650 | $374,480 |
Source: Ownwell
Property Tax Bills Across Ashfield, Massachusetts
In Ashfield, located in Hampshire County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the market value of the property. This assessed value is then multiplied by the tax rate to calculate the annual tax bill. For homeowners in Ashfield, the median home price is $216,650. With the national median property tax rate at 0.99%, Ashfield's rates can be compared to understand the local tax burden. In the 25th percentile, property tax bills are around $2,114, while in the 75th percentile, they can go up to $4,220. The top 10% of tax bills reach as high as $5,152. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly.
Average Ashfield Tax Bill
$3,086
Average Hampshire County Tax Bill
$5,000
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01330 | $1,473 | $2,114 | $3,086 | $4,220 | $5,152 |
Source: Ownwell