New Salem, Franklin County, Massachusetts Property Taxes
Median New Salem, MA effective property tax rate: 1.54%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median New Salem, MA home value: $299,400
Median annual New Salem, MA tax bill: $4,596, $2,196 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in New Salem, 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 New Salem’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Salem, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Salem, Franklin County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.54%
Estimate Property Tax Bill
$4,611
$4,279
Ownwell’s New Salem Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Salem with just two data points.
By entering your property's estimated assessed value, our calculator applies New Salem’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 New Salem, Franklin County, Massachusetts
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget needed to provide essential services and then divides this amount by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially how the process unfolds each year.
In New Salem, located in Franklin County, the effective property tax rate is a key figure to consider when comparing it to other cities in Massachusetts and the broader national landscape. The median property tax rate in Massachusetts stands at 1.54%, which is notably higher than the national median of 1.02%. This means homeowners in New Salem may find themselves paying a higher percentage of their property's value in taxes compared to the national average. Understanding these rates can help property owners make informed decisions about appealing their property taxes or exploring available exemptions.
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 New Salem Tax Rate
1.54%
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 New Salem, Franklin County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01355 | 1.53% | 1.53% | 1.54% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across New Salem, Franklin County, Massachusetts
When examining property taxes in New Salem, Massachusetts, 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.
In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 New Salem.
For example, the median home price in New Salem is $299,400, with tax bills ranging significantly across the county. The 01355 zip code has the highest median home price at $299,400.
Property Tax Assessment Values Across New Salem, Franklin County, Massachusetts
Source: Ownwell
$102,700
$254,150
$405,600
Median New Salem Market Value
$299,400
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 New Salem, Franklin County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01355 | $188,750 | $236,925 | $299,400 | $365,875 | $440,570 |
Source: Ownwell
Property Tax Bills Across New Salem, Franklin County, Massachusetts
In New Salem, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. This rate is set by Franklin County and reflects the funding needs of local services such as schools and infrastructure. With a median home price of $299,400, the property tax bill in New Salem can significantly impact homeowners. The 25th percentile tax bill is $3,636, while the 75th percentile reaches $5,618, and the 90th percentile can be as high as $6,763. Comparatively, the national median property tax bill is $2,400, indicating that New Salem residents often face higher property tax obligations. This financial burden can be challenging for many homeowners.
Ownwell offers a solution by assisting homeowners in appealing their property tax assessments, potentially lowering their tax bills. By analyzing local market trends and comparable property values, Ownwell identifies opportunities for tax reductions. This expert guidance can lead to substantial savings, alleviating the financial pressure of high property taxes and ensuring homeowners pay only their fair share.
Property Tax Bills Across New Salem, Franklin County, Massachusetts
Source: Ownwell
$1,177
$4,328
$7,479
Median New Salem Tax Bill
$4,596
Median Franklin County Tax Bill
$4,270
Median Massachusetts Tax Bill
$5,844
Median United States Tax Bill
$2,400
Property Tax Bills Across New Salem, Franklin County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01355 | $2,897 | $3,636 | $4,596 | $5,618 | $6,763 |
Source: Ownwell