Hancock, Berkshire County, Massachusetts Property Taxes
Median Hancock, MA effective property tax rate: 0.27%, significantly lower than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Hancock, MA home value: $84,400
Median annual Hancock, MA tax bill: $226, $2,174 lower than the national median property tax bill of $2,400.
How are property taxes in Berkshire calculated?
Property taxes in Hancock, MA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Hancock’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hancock, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hancock, Berkshire County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.27%
Estimate Property Tax Bill
$228
$211
Property Tax Rates Across Hancock, Berkshire County, Massachusetts
Local government entities set tax rates, which can vary widely within a state. This is due to the fact that each year, counties estimate the budget necessary to provide essential services and then divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Hancock, Berkshire County, the effective property tax rate stands out when compared to other cities in Massachusetts. With a median tax rate of 0.27%, Hancock's rate is significantly lower than both the state and national medians. The national median property tax rate is 1.02%, with a median bill of $2,400. This stark difference highlights the relatively low tax burden for property owners in Hancock. Such a favorable tax rate can be an attractive factor for potential homeowners or investors looking to reduce their annual expenses. As property taxes can significantly impact the overall cost of homeownership, understanding these rates is crucial for making informed financial decisions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Hancock Tax Rate
0.27%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Berkshire County Tax Rate
1.62%
Median Effective Massachusetts Tax Rate
1.23%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hancock, Berkshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01237 | 0.27% | 0.27% | 0.27% | 0.27% | 0.29% |
Source: Ownwell
Property Tax Assessment Values Across Hancock, Berkshire County, Massachusetts
When examining property taxes in Hancock, MA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Berkshire County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Berkshire County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hancock. For example, the median home price in Hancock is $84,400, with tax bills ranging significantly across the county. Zip code 01237 has the highest median home price at $84,400.
Property Tax Assessment Values Across Hancock, Berkshire County, Massachusetts
Source: Ownwell
$84,400
$299,300
$514,200
Median Hancock Market Value
$84,400
Median Berkshire County Market Value
$256,200
Median Massachusetts Market Value
$492,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hancock, Berkshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01237 | $84,400 | $84,400 | $84,400 | $224,100 | $309,360 |
Source: Ownwell
Property Tax Bills Across Hancock, Berkshire County, Massachusetts
Median Hancock Tax Bill
$226
Median Berkshire County Tax Bill
$3,693
Median Massachusetts Tax Bill
$5,844
Median United States Tax Bill
$2,400
Property Tax Bills Across Hancock, Berkshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01237 | $226 | $226 | $226 | $604 | $1,041 |
Source: Ownwell