South Barre, Massachusetts Property Taxes
The median property tax rate in South 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 South Barre at $202,350, the typical annual property tax bill reaches $3,209, exceeding the national median of $2,690. Property taxes in South 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 South 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 South Barre or another part of Worcester County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Barre, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$3,217
$2,986
Ownwell’s South Barre Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Barre with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Barre 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 Worcester County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across South Barre, Massachusetts
Property taxes in South 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 South 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 South Barre set these rates annually, and they can vary significantly across different neighborhoods. Each year, South 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 South Barre's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01074 zip code has the highest median property tax rate of 1.59%, while the same 01074 zip code also has the lowest median tax rate of 1.59%. Understanding how these cities compare with South 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 South 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 South Barre, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01074 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across South Barre, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in South Barre, Massachusetts. 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 South 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. For instance, the median home price in South Barre is $202,350, with property tax bills ranging from $2,720 at the 25th percentile to $4,565 at the 90th percentile. The highest and lowest median tax bills both stand at $3,209 in zip code 01074. 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 South Barre, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average South Barre Assessed Value
$202,350
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 South Barre, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01074 | $109,730 | $171,475 | $202,350 | $239,400 | $287,860 |
Source: Ownwell
Property Tax Bills Across South Barre, Massachusetts
In South Barre, Worcester 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 city's assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in South Barre can expect varying tax bills depending on their property's assessed value. For example, the 25th percentile tax bill stands at $2,720, while the 75th percentile reaches $3,797. Those in the 90th percentile might see tax bills as high as $4,565. These figures highlight how property taxes can significantly impact homeowners, making it essential for them to understand their property's assessed value and the local tax rate. Compared to the national median property tax rate of 0.99%, South Barre's property tax rates reflect the region's specific economic and market conditions.
Average South Barre Tax Bill
$3,209
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across South Barre, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01074 | $1,741 | $2,720 | $3,209 | $3,797 | $4,565 |
Source: Ownwell