Lanesborough, Berkshire County, Massachusetts Property Taxes
Median Lanesborough, MA effective property tax rate: 1.77%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Lanesborough, MA home value: $272,100
Median annual Lanesborough, MA tax bill: $3,943, $1,543 higher than the national median property tax bill of $2,400.
How are property taxes in Berkshire calculated?
Property taxes in Lanesborough, 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 Lanesborough’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lanesborough, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lanesborough, Berkshire County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.77%
Estimate Property Tax Bill
$4,816
$4,469
Property Tax Rates Across Lanesborough, Berkshire County, Massachusetts
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in 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 Lanesborough, located in Berkshire County, the effective property tax rate stands at 1.77%, which is notably higher than the national median of 1.02%. This rate places Lanesborough at the higher end of the spectrum both within Massachusetts and compared to national figures. The property tax bill for residents reflects this higher rate, contributing to the funding of essential local services and infrastructure.
Understanding how Lanesborough’s tax rate compares to other cities in Massachusetts and the national average can provide valuable insights for property owners. It highlights the importance of being informed about local tax rates and their implications. This awareness can empower residents to engage in discussions about local budgets and tax policies, ultimately influencing decisions that impact their community and personal finances.
Property Tax Rates Across Lanesborough, Berkshire County, Massachusetts
Source: Ownwell
0.27%
1.10%
1.92%
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 Lanesborough Tax Rate
1.77%
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 Lanesborough, Berkshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01237 | 0.27% | 0.94% | 1.77% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Lanesborough, Berkshire County, Massachusetts
When examining property taxes in Lanesborough, 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 May. 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 Lanesborough.
For example, the median home price in Lanesborough is $272,100, with tax bills ranging significantly across the county. 01237 has the highest median home price at $272,100.
Property Tax Assessment Values Across Lanesborough, Berkshire County, Massachusetts
Source: Ownwell
$84,400
$299,300
$514,200
Median Lanesborough Market Value
$272,100
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 Lanesborough, Berkshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01237 | $151,400 | $201,875 | $272,100 | $379,750 | $483,700 |
Source: Ownwell
Property Tax Bills Across Lanesborough, Berkshire County, Massachusetts
In Lanesborough, homeowners face property tax bills based on the assessed value of their homes, which is determined by local assessors. The median home price in the area is $272,100, and property tax rates are applied to this assessed value to calculate the tax bill. With a median tax bill of $3,943 in Berkshire County, Lanesborough residents pay significantly more than the national median property tax bill of $2,400. This higher tax burden can place a strain on homeowners, particularly when the tax bill reaches the 90th percentile at $7,879.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing local market trends and property assessments, Ownwell helps ensure that homeowners are not overpaying on their property taxes. This can lead to substantial savings, especially for those who find themselves at the higher end of the tax bill spectrum. With Ownwell's expertise, homeowners can potentially reduce their tax liabilities and alleviate financial pressure.
Property Tax Bills Across Lanesborough, Berkshire County, Massachusetts
Source: Ownwell
$226
$2,752
$5,277
Median Lanesborough Tax Bill
$3,943
Median Berkshire County Tax Bill
$3,693
Median Massachusetts Tax Bill
$5,844
Median United States Tax Bill
$2,400
Property Tax Bills Across Lanesborough, Berkshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01237 | $715 | $2,140 | $3,943 | $5,908 | $7,879 |
Source: Ownwell
