Barre, Massachusetts Property Taxes
The median property tax rate in Barre, MA is 1.59%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Barre at $271,950, the typical annual property tax bill reaches $4,313, exceeding the national median of $2,690. Property taxes in Barre 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 Barre'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 Barre 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
Barre, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$4,324
$4,013
Ownwell’s Barre Property Tax Bill Calculator assists homeowners, real estate investors, and potential owners in estimating their annual property taxes in Barre with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Barre to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more granular trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Worcester County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Barre, Massachusetts
Property taxes in Barre, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barre is 1.59%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Barre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barre 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 Barre's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01005 zip code has the highest median property tax rate of 1.59%, while the same zip code also has the lowest median tax rate of 1.59%. Understanding how these cities compare with Barre provides valuable insights into the varying tax landscape across Worcester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barre Tax Rate
1.59%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barre, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01005 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Barre, Massachusetts
In Barre, 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 Worcester 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 Barre, 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 Barre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Barre's highest and lowest median tax bills are both $4,313 in the zip code 01005.
Average Barre Assessed Value
$271,950
Average Worcester County Assessed Value
$360,000
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barre, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01005 | $185,200 | $228,250 | $271,950 | $329,100 | $402,470 |
Source: Ownwell
Property Tax Bills Across Barre, Massachusetts
In Barre, Worcester County, MA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and reflects the market value of the property. The tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Barre can expect to pay a median property tax bill of approximately $4,313, which is higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the property's size, location, and condition. Additionally, local government budgets and funding requirements play a crucial role in determining the tax rate. For homeowners, this means that property taxes can vary significantly within the same area. For instance, in Barre, tax bills range from the 25th percentile at $3,620 to the 90th percentile at $6,384. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Barre Tax Bill
$4,313
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Barre, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01005 | $2,937 | $3,620 | $4,313 | $5,220 | $6,384 |
Source: Ownwell