Belchertown, Massachusetts Property Taxes
The median property tax rate in Belchertown, MA is 1.63%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Belchertown at $326,300, the typical annual property tax bill reaches $5,328, exceeding the national median of $2,690. Property taxes in Belchertown 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 Belchertown'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 Belchertown 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
Belchertown, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$5,319
$4,936
Ownwell’s Belchertown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belchertown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belchertown 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 Belchertown, Massachusetts
Property taxes in Belchertown, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belchertown is 1.63%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Belchertown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belchertown 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 Belchertown's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 01007 has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these cities compare with Belchertown 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 Belchertown Tax Rate
1.63%
Average Hampshire County Tax Rate
1.63%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belchertown, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01007 | 1.63% | 1.63% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Belchertown, Massachusetts
In Belchertown, 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 Assessor 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 Belchertown, 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. For instance, the median home price in Belchertown is $326,300, with tax bills ranging from $4,447 at the 25th percentile to $7,732 at the 90th percentile. The zip code with the highest and lowest median tax bill is 01007, both at $5,328. 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 Belchertown, Massachusetts
Source: Ownwell
$189,450
$450,950
$712,450
Average Belchertown Assessed Value
$326,300
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 Belchertown, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01007 | $226,080 | $272,300 | $326,300 | $398,400 | $473,610 |
Source: Ownwell
Property Tax Bills Across Belchertown, Massachusetts
In Belchertown, located in Hampshire County, MA, property tax bills are determined based on the assessed value of a home and the local tax rate. Homeowners in this area experience a median property tax rate that is significantly higher than the national median of 0.99%. For instance, with a median home price of $326,300, the property tax bill can vary widely. Factors influencing the tax bill include the property's assessed value, which is determined by local assessors, and the specific tax rate set by the municipality. The tax bill in Belchertown ranges from the 25th percentile at $4,447 to the 75th percentile at $6,502, with the 90th percentile reaching up to $7,732. This high variability in tax bills reflects differences in property values and local fiscal policies. For homeowners, this means that property taxes can represent a significant portion of their annual expenses, influencing decisions on property investments and financial planning.
Average Belchertown Tax Bill
$5,328
Average Hampshire County Tax Bill
$5,000
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Belchertown, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01007 | $3,690 | $4,447 | $5,328 | $6,502 | $7,732 |
Source: Ownwell