Florida, Franklin County, Massachusetts Property Taxes

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Florida’s effective property tax rate to other cities in Massachusetts and the median property tax rates in Massachusetts and the U.S.

Florida, in Franklin County, has an effective property tax rate that stands out when compared to other regions. Massachusetts has a median property tax rate of 1.15%, which is above the national median of 1.02%. This means that, on average, homeowners in Massachusetts pay more in property taxes compared to the national average. Understanding these differences is crucial for homeowners looking to manage their expenses effectively. Whether you're considering a property tax appeal or simply want to ensure you're not overpaying, being informed about these rates can make a significant difference.

In Florida, located in Franklin County, Massachusetts, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the property. Homeowners in this area face a median property tax bill of $2,314, which is slightly below the national median of $2,400. This suggests that while the tax rate might be competitive, the assessed values can still lead to significant tax bills for homeowners.

Factors influencing the tax bill include property size, location, and any improvements made. These elements are crucial in determining the assessed value, which directly impacts the tax amount owed. For homeowners looking to manage or reduce their property tax burden, Ownwell offers expert property tax appeal and exemption services. By leveraging local knowledge and tax expertise, Ownwell can help identify potential savings and ensure homeowners only pay their fair share, ultimately helping them save on their property tax bills.