Shelburne, Massachusetts Property Taxes
The median property tax rate in Shelburne, MA is 1.37%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Shelburne, the typical annual property tax bill reaches $605, which is significantly lower than the national median of $2,690. Property taxes in Shelburne 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 Shelburne'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 Shelburne 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
Shelburne, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Shelburne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shelburne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shelburne 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 Franklin County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Shelburne, Massachusetts
Property taxes in Shelburne, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shelburne is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Shelburne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shelburne 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 Shelburne's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 01370 has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Shelburne provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shelburne Tax Rate
1.37%
Average Franklin County Tax Rate
1.69%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shelburne, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01370 | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Shelburne, Massachusetts
In Shelburne, 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 Franklin 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 Shelburne, 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 Shelburne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $605, both found in the zip code 01370.
Property Tax Assessment Values Across Shelburne, Massachusetts
Source: Ownwell
$41,900
$262,550
$483,200
Average Shelburne Assessed Value
$44,315
Average Franklin County Assessed Value
$252,600
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shelburne, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01370 | $44,315 | $44,315 | $44,315 | $44,315 | $44,315 |
Source: Ownwell
Property Tax Bills Across Shelburne, Massachusetts
In Shelburne, located in Franklin County, MA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. This value is then multiplied by the property tax rate set by the local government. For Shelburne, the median home price is $44,315, with property tax bills consistently around $605, regardless of the home's value percentile. This uniform tax bill suggests a relatively stable and predictable property tax environment for homeowners, which can be beneficial for financial planning. Compared to the national median property tax rate of 0.99%, Shelburne's rates are competitive, making it an attractive location for homeowners seeking affordability. Factors such as local government budgets, school funding, and public services also play a role in determining the final tax rate. Homeowners in Shelburne can expect a straightforward and manageable property tax process, contributing to the overall appeal of living in this community.
Average Shelburne Tax Bill
$605
Average Franklin County Tax Bill
$4,270
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Shelburne, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01370 | $605 | $605 | $605 | $605 | $605 |
Source: Ownwell