Erving, Massachusetts Property Taxes
The median property tax rate in Erving, MA is 0.80%, which is notably lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Erving at $220,600, the typical annual property tax bill amounts to $1,762, falling below the national median of $2,690. Property taxes in Erving are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Erving'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 Erving or another part of Franklin County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Erving, 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 Erving Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Erving with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Erving 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 Erving, Massachusetts
Property taxes in Erving, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Erving is 0.80%, lower than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Erving set these rates annually, and they can vary significantly across different neighborhoods. Each year, Erving 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 Erving's effective property tax rate to other areas in Franklin County and the national median. For comparison, the 01344 zip code has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these areas compare with Erving 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 Erving Tax Rate
0.80%
Average Franklin County Tax Rate
1.69%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Erving, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01344 | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Erving, Massachusetts
In Erving, 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 Erving, 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 Erving helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Erving are both $1,762, found in the 01344 zip code.
Average Erving Assessed Value
$220,600
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 Erving, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01344 | $180,440 | $197,300 | $220,600 | $262,800 | $309,500 |
Source: Ownwell
Property Tax Bills Across Erving, Massachusetts
In Erving, property tax bills are calculated based on the assessed value of a property. The assessment reflects the market value of the home, which is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $220,600, homeowners can expect varying tax bills depending on the specific assessment and applicable exemptions. Factors such as property size, location, and improvements can influence the assessed value. In Franklin County, the tax bill for the 25th percentile is $1,577, while the 75th percentile reaches $2,090, and the 90th percentile climbs to $2,446. These figures highlight the range of potential tax burdens for homeowners in the area. Comparatively, Erving's property tax rates are aligned with the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their financial responsibilities and plan accordingly.
Average Erving Tax Bill
$1,762
Average Franklin County Tax Bill
$4,270
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Erving, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01344 | $1,443 | $1,577 | $1,762 | $2,090 | $2,446 |
Source: Ownwell