Whately, Franklin County, Massachusetts Property Taxes
Median Whately, MA effective property tax rate: 1.42%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Whately, MA home value: $350,000
Median annual Whately, MA tax bill: $4,970, $2,570 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in Whately, MA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Whately’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Whately, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Whately, Franklin County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.42%
Estimate Property Tax Bill
$4,970
$4,612
Ownwell’s Whately Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Whately with just two data points. By entering your property's estimated assessed value, our calculator applies Whately’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Franklin County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Whately, Franklin County, Massachusetts
Local government entities in Massachusetts set tax rates, which can vary widely within the state. Annually, each county, like Franklin County, estimates the budget required to provide services and divides it by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Whately, located in Franklin County, property owners experience an effective property tax rate that aligns with the highest and lowest rates in the area. Compared to the national median property tax rate of 1.02%, Whately's rate stands noticeably higher. This difference can significantly impact property owners, as it translates to higher annual tax bills compared to the national median property tax bill of $2400.
Understanding these variations is crucial for property owners, as it helps them anticipate expenses and make informed decisions about property investments. By staying informed, property owners in Whately can better navigate the complexities of property taxation and potentially explore opportunities for appealing or reducing their tax burdens.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Whately Tax Rate
1.42%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Franklin County Tax Rate
1.69%
Median Effective Massachusetts Tax Rate
1.23%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Whately, Franklin County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01093 | 1.42% | 1.42% | 1.42% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Whately, Franklin County, Massachusetts
When examining property taxes in Whately, MA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Franklin County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Whately. For example, the median home price in Whately is $350,000, with tax bills ranging significantly across the county. Zip code 01093 has the highest median home price at $350,000.
Property Tax Assessment Values Across Whately, Franklin County, Massachusetts
Source: Ownwell
$102,700
$254,150
$405,600
Median Whately Market Value
$350,000
Median Franklin County Market Value
$252,600
Median Massachusetts Market Value
$492,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Whately, Franklin County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01093 | $214,611 | $268,850 | $350,000 | $439,000 | $585,600 |
Source: Ownwell
Property Tax Bills Across Whately, Franklin County, Massachusetts
In Whately, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $350,000, homeowners in Franklin County can expect their property tax bills to reflect this valuation. The tax bill is determined by multiplying the assessed value by the local tax rate. Factors such as property improvements, market trends, and local budgetary needs can influence the assessed value, thus affecting the tax bill. Homeowners in Whately experience a median tax bill of $4,970, which is above the national median of $2,400. This places a significant financial burden on residents, especially when compared to the national median property tax rate of 1.02%.
Ownwell can assist homeowners in Whately by identifying potential savings on their property tax bills through appeals and exemptions. By analyzing property assessments and market conditions, Ownwell helps ensure that homeowners are not overpaying. This can lead to substantial savings and financial relief for those burdened by high property taxes.
Median Whately Tax Bill
$4,970
Median Franklin County Tax Bill
$4,270
Median Massachusetts Tax Bill
$5,844
Median United States Tax Bill
$2,400
Property Tax Bills Across Whately, Franklin County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01093 | $3,047 | $3,818 | $4,970 | $6,234 | $8,316 |
Source: Ownwell