Monterey, Berkshire County, Massachusetts Property Taxes

Name: Property Tax Bills Across Monterey, Berkshire County, Massachusetts
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Monterey, MA effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%. Median Monterey, MA home value: $500,800. Median annual Monterey, MA tax bill: $3,052, $652 higher than the national median property tax bill of $2,400.

How are property taxes in Berkshire calculated?

Property taxes in Monterey, 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 Monterey’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monterey, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Monterey, Berkshire County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.61%

Estimate Property Tax Bill

$3,055

$2,835

Ownwell’s Monterey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Monterey with just two data points. By entering your property's estimated assessed value, our calculator applies Monterey’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Berkshire County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Monterey, Berkshire County, Massachusetts

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing 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, this is the annual process in a nutshell.

In Monterey, located in Berkshire County, Massachusetts, the effective property tax rate is noteworthy when compared to other cities in the state and the national median. The median property tax rate in Massachusetts is 1.23%, which is above the national median rate of 1.02%. However, Monterey stands out with a significantly lower rate, making it an attractive spot for property owners seeking lower tax burdens. This lower rate is consistent with the county's approach, as Berkshire County also reflects similar rates. By understanding these differences, property owners can make informed decisions about where to invest or settle, potentially leading to significant savings in property taxes over time.

Property Tax Rates Across Monterey, 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 Monterey Tax Rate

0.61%

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 Monterey, Berkshire County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01245	0.61%	0.61%	0.61%	0.61%	0.61%

Source: Ownwell

Property Tax Assessment Values Across Monterey, Berkshire County, Massachusetts

When examining property taxes in Monterey, 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 April. 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 Monterey.

For example, the median home price in Monterey is $500,800, with tax bills ranging significantly across the county. 01245 has the highest median home price at $500,800.

Property Tax Assessment Values Across Monterey, Berkshire County, Massachusetts

Source: Ownwell

$84,400

$299,300

$514,200

Median Monterey Market Value

$500,800

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 Monterey, Berkshire County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01245	$263,900	$362,925	$500,800	$694,825	$1,062,220

Source: Ownwell

Property Tax Bills Across Monterey, Berkshire County, Massachusetts

In Monterey, Berkshire County, MA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $500,800, many homeowners find themselves paying significant property taxes. The median property tax bill in Monterey is $3,052, which is above the national median of $2,400. Factors like property size, location, and improvements can influence the assessed value, impacting the overall tax bill. This can place a substantial financial burden on homeowners, particularly those with properties in the higher tax brackets, where bills can reach up to $6,469. Ownwell offers a solution by helping homeowners navigate the complex appeal process to potentially lower their assessed values. By leveraging expert knowledge and experience, Ownwell can identify discrepancies or overvaluations, ensuring homeowners pay only their fair share, ultimately reducing their financial burden.

Property Tax Bills Across Monterey, Berkshire County, Massachusetts

Source: Ownwell

$226

$2,752

$5,277

Median Monterey Tax Bill

$3,052

Median Berkshire County Tax Bill

$3,693

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Monterey, Berkshire County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01245	$1,607	$2,222	$3,052	$4,238	$6,469

Source: Ownwell