Sunderland, Massachusetts Property Taxes
The median property tax rate in Sunderland, MA is 1.31%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Sunderland at $388,500, the typical annual property tax bill reaches $5,105, exceeding the national median of $2,690. Property taxes in Sunderland 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 Sunderland'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 Sunderland 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
Sunderland, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$5,089
Ownwell’s Sunderland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sunderland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sunderland 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 Sunderland, Massachusetts
Property taxes in Sunderland, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sunderland is 1.31%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Sunderland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sunderland 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 Sunderland's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 01375 has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these areas compare with Sunderland 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 Sunderland Tax Rate
1.31%
Average Franklin County Tax Rate
1.69%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sunderland, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01375 | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Sunderland, Massachusetts
In Sunderland, 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 Sunderland, 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 Sunderland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 01375, with a value of $5,105.
Property Tax Assessment Values Across Sunderland, Massachusetts
Source: Ownwell
$41,900
$262,550
$483,200
Average Sunderland Assessed Value
$388,500
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 Sunderland, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01375 | $278,120 | $327,700 | $388,500 | $457,000 | $532,860 |
Source: Ownwell
Property Tax Bills Across Sunderland, Massachusetts
Property tax bills in Sunderland, located in Franklin County, MA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the town's assessor and reflects the property's market value. Once the assessed value is established, the local tax rate is applied to this value to determine the annual tax bill. In Sunderland, homeowners experience a range of tax bills, with the 25th percentile paying around $4,306, while those in the 75th percentile face bills closer to $6,005. The highest median tax bill in the area is $5,105, which is significantly higher than the national median property tax rate of 0.99%. These tax bills can have a substantial impact on homeowners, influencing their monthly expenses and overall financial planning. For those in Sunderland, understanding these factors is crucial for effective budgeting and long-term financial stability.
Average Sunderland Tax Bill
$5,105
Average Franklin County Tax Bill
$4,270
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Sunderland, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01375 | $3,657 | $4,306 | $5,105 | $6,005 | $7,002 |
Source: Ownwell