Athol, Massachusetts Property Taxes
The median property tax rate in Athol, MA is 1.80%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Athol at $425,300, the typical annual property tax bill reaches $7,638, exceeding the national median of $2,690. Property taxes in Athol 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 Athol'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 Athol 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
Athol, 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 Athol Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Athol with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Athol 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 Athol, Massachusetts
Property taxes in Athol, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Athol is 1.80%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Athol set these rates annually, and they can vary significantly across different neighborhoods. Each year, Athol 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 Athol's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 01331 has both the highest and lowest median property tax rate of 1.80%. Understanding how these areas compare with Athol 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 Athol Tax Rate
1.80%
Average Franklin County Tax Rate
1.69%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Athol, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01331 | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Athol, Massachusetts
In Athol, 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. 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 Athol helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 01331 has both the highest and lowest median tax bills, each valued at $7,638.
Average Athol Assessed Value
$425,300
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 Athol, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01331 | $425,300 | $425,300 | $425,300 | $425,300 | $425,300 |
Source: Ownwell
Property Tax Bills Across Athol, Massachusetts
In Athol, located in Franklin County, MA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the home. For instance, the median home price in Athol is $425,300. This value is then multiplied by the local tax rate to determine the annual tax bill. In Athol, the median property tax bill is $7,638, which is significantly higher than the national median property tax rate of 0.99%. The tax bills in Athol fall within a narrow range, with the 25th, 75th, and 90th percentiles all reporting the same value of $7,638. This uniformity suggests a consistent application of the tax rate across different property values. High property tax bills can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and the housing market in the region.
Average Athol Tax Bill
$7,638
Average Franklin County Tax Bill
$4,270
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Athol, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01331 | $7,638 | $7,638 | $7,638 | $7,638 | $7,638 |
Source: Ownwell