Property Taxes in Deerfield, Massachusetts
Median Deerfield, Massachusetts effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, and higher than the Massachusetts state median of 1.15%.
Median Deerfield, Massachusetts home value: $404,000
Median annual Deerfield, Massachusetts tax bill: $5,353, higher than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Deerfield, Massachusetts 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 Deerfield's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Deerfield, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Deerfield Property Tax Calculator Work?
Use this Deerfield property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Deerfield's median effective tax rate of 1.33% — based on actual property records in Franklin County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Deerfield's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Deerfield: rates range from 1.33% in 01342 to 1.33% in 01342, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Deerfield.
About Deerfield Property Taxes
About Property Taxes in Deerfield, Franklin, Massachusetts
Deerfield’s median effective property tax rate of 1.33% is higher than the Massachusetts state median of 1.15% and higher than the national median of 1.02%. That rate translates to a median property tax bill of $5,353, which is higher than the national median property tax bill of $2,400.
Property tax rates are not uniform across Deerfield. Homeowners in ZIP code 01342 carry the median effective rate of 1.33%, and the median tax bill there is $5,353. In this area, the assessed value of a home is a key driver of what you owe each year.
Deerfield homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the February 1, 2026 deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Deerfield, Franklin County, Massachusetts
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Deerfield's effective property tax rate to other cities in Massachusetts and the median property tax rates in Massachusetts and the U.S.
Our median effective property tax rate (tax bill Ă· 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 Deerfield Tax Rate
1.33%
Our median effective property tax rate (tax bill Ă· 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
1.47%
Median Effective Massachusetts Tax Rate
1.15%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Deerfield, Franklin County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01342 | 1.32% | 1.32% | 1.33% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Deerfield, Franklin County, Massachusetts
When examining property taxes in Deerfield, 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.
Assessment notices:
In Franklin County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 understanding how assessed and market values are determined, property owners can better navigate their tax responsibilities in Deerfield.
For example, the median home price in Deerfield is $404,000, with tax bills ranging significantly across the county. Zip code 01342 has the highest median home price at $404,000.
Property Tax Assessment Values Across Deerfield, Franklin County, Massachusetts
Source: Ownwell
$136,800
$284,700
$432,600
Median Deerfield Market Value
$404,000
Median Franklin County Market Value
$294,500
Median Massachusetts Market Value
$561,600
Median United States Market Value
$274,101
Property Tax Assessment Values Across Deerfield, Franklin County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01342 | $262,260 | $335,525 | $404,000 | $511,153 | $657,060 |
Source: Ownwell
Property Tax Bills Across Deerfield, Franklin County, Massachusetts
Property tax bills in Deerfield are calculated by applying the local tax rate to a home’s assessed value, which is based on the property’s market value. Local assessors review factors such as the home’s size, location, condition, and any improvements to determine that value. Once the assessed value is set, the tax rate is applied to calculate the annual bill.
For Deerfield homeowners, this means a higher assessed value can lead to a higher property tax bill, even if the home has not been sold. With a median home price of $404,000, property taxes can be a significant part of homeownership costs. The median tax bill is $5,353 in ZIP code 01342, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills in the area also vary, with the 25th percentile at $4,446 and the 75th percentile at $6,772.
Property Tax Bills Across Deerfield, Franklin County, Massachusetts
Source: Ownwell
$1,230
$3,896
$6,562
Median Deerfield Tax Bill
$5,353
Median Franklin County Tax Bill
$4,331
Median Massachusetts Tax Bill
$6,068
Median United States Tax Bill
$3,209
Property Tax Bills Across Deerfield, Franklin County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01342 | $3,475 | $4,446 | $5,353 | $6,772 | $8,706 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 1 |
Links | |
|---|---|
| Franklin Tax Assessor | |
| Website | franklin.patriotproperties.com |