South Deerfield, Massachusetts Property Taxes
The median property tax rate in South Deerfield, MA is 1.50%, 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 Deerfield, the typical annual property tax bill reaches $4,699, exceeding the national median of $2,690. Property taxes in South Deerfield 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 Deerfield'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 Deerfield 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
South Deerfield, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$4,755
Ownwell’s South Deerfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Deerfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Deerfield 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across South Deerfield, Massachusetts
Property taxes in South Deerfield, 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 Deerfield stands at 1.50%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within South Deerfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Deerfield 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 Deerfield's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 01373 has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with South Deerfield 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 South Deerfield Tax Rate
1.50%
Average Franklin County Tax Rate
1.69%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Deerfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01373 | 1.42% | 1.50% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across South Deerfield, Massachusetts
In South Deerfield, 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 South Deerfield, 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 Deerfield is $317,000, with tax bills ranging from $4,013 at the 25th percentile to $6,938 at the 90th percentile. The highest and lowest median tax bills are both $4,699 in the 01373 zip code. 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 Deerfield, Massachusetts
Source: Ownwell
$41,900
$262,550
$483,200
Average South Deerfield Assessed Value
$317,000
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 South Deerfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01373 | $233,240 | $269,300 | $317,000 | $380,950 | $466,480 |
Source: Ownwell
Property Tax Bills Across South Deerfield, Massachusetts
In South Deerfield, property tax bills are calculated based on the assessed value of the property and the local tax rate set by Franklin County. The assessed value is an estimation of your property's market value, which is determined by the county assessor's office. This value is then multiplied by the local tax rate to calculate your annual tax bill. For example, with a median home price of $317,000 in South Deerfield, homeowners can expect a tax bill around the median amount of $4,699. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the final tax bill. Homeowners in South Deerfield see a range of property tax bills, with the 25th percentile at $4,013 and the 75th percentile at $5,657. For those at the higher end, the 90th percentile tax bill reaches $6,938. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community and homeowners' quality of life.
Average South Deerfield Tax Bill
$4,699
Average Franklin County Tax Bill
$4,270
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across South Deerfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01373 | $3,451 | $4,013 | $4,699 | $5,657 | $6,938 |
Source: Ownwell