Shelburne Falls, Massachusetts Property Taxes
The median property tax rate in Shelburne Falls, MA is 1.69%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Shelburne Falls at $278,450, the typical annual property tax bill reaches $4,398, exceeding the national median of $2,690. Property taxes in Shelburne Falls 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 Shelburne Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Shelburne Falls 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
Shelburne Falls, 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 Shelburne Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shelburne Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shelburne Falls 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 Shelburne Falls, Massachusetts
Property taxes in Shelburne Falls, Massachusetts, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Shelburne Falls is 1.69%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Shelburne Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shelburne Falls 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 Shelburne Falls' effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01370 zip code has both the highest and lowest median property tax rate of 1.69%. Understanding how these cities compare with Shelburne Falls 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 Shelburne Falls Tax Rate
1.69%
Average Franklin County Tax Rate
1.69%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shelburne Falls, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01370 | 1.36% | 1.37% | 1.69% | 1.69% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Shelburne Falls, Massachusetts
In Shelburne Falls, 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 Shelburne Falls, 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 Shelburne Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Shelburne Falls is $4,398, while the lowest is also $4,398, both in the 01370 zip code.
Property Tax Assessment Values Across Shelburne Falls, Massachusetts
Source: Ownwell
$41,900
$262,550
$483,200
Average Shelburne Falls Assessed Value
$278,450
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 Shelburne Falls, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01370 | $185,140 | $225,775 | $278,450 | $357,568 | $444,720 |
Source: Ownwell
Property Tax Bills Across Shelburne Falls, Massachusetts
In Shelburne Falls, Franklin County, MA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates your property's market value. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For homeowners in Shelburne Falls, the median home price is $278,450. Property tax bills can significantly vary; for instance, the 25th percentile of tax bills is $3,638, while the 75th percentile is $5,493, and the 90th percentile reaches up to $6,913. Comparatively, the national median property tax rate is 0.99%, which means local rates can have a substantial impact on what homeowners pay annually. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances more effectively. Accurate assessments and knowledge of local tax rates are crucial for budgeting and financial planning.
Average Shelburne Falls Tax Bill
$4,398
Average Franklin County Tax Bill
$4,270
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Shelburne Falls, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01370 | $2,953 | $3,638 | $4,398 | $5,493 | $6,913 |
Source: Ownwell