Leverett, Franklin County, Massachusetts Property Taxes

Name: Property Tax Bills Across Leverett, Franklin County, Massachusetts
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Leverett, MA effective property tax rate: 1.57%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Leverett, MA home value: $395,950
Median annual Leverett, MA tax bill: $6,226, $3,826 higher than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

Property taxes in Leverett, 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 Leverett’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Leverett, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Leverett, Franklin County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.57%

Estimate Property Tax Bill

$6,216

$5,769

Ownwell’s Leverett Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Leverett with just two data points. By entering your property's estimated assessed value, our calculator applies Leverett’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 Leverett, Franklin County, Massachusetts

Local government entities determine tax rates, which can differ significantly within a state. Annually, each county, including Franklin, estimates its required budget to provide essential services, dividing this by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the essence of the annual process.

In Leverett, located in Franklin County, the effective property tax rate is 1.57%. This rate stands in contrast to the national median property tax rate of 1.02%. Leverett’s rate is also reflective of Massachusetts' median property tax rate, which aligns with the highest and lowest rates in the area, all at 1.57%. This consistency highlights the uniform approach to property tax assessments within the region. Understanding these rates is crucial for property owners, as they influence the overall tax liability. By comparing Leverett’s rate to both state and national figures, property owners can better grasp their financial obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Leverett, Franklin County, Massachusetts

Source: Ownwell

0.52%

1.40%

2.29%

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 Leverett Tax Rate

1.57%

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 Leverett, Franklin County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01054	1.57%	1.57%	1.57%	1.57%	1.57%

Source: Ownwell

Property Tax Assessment Values Across Leverett, Franklin County, Massachusetts

When examining property taxes in Leverett, 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.

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 Leverett.

For example, the median home price in Leverett is $395,950, with tax bills ranging significantly across the county. Zip code 01054 has the highest median home price at $395,950.

Property Tax Assessment Values Across Leverett, Franklin County, Massachusetts

Source: Ownwell

$102,700

$254,150

$405,600

Median Leverett Market Value

$395,950

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 Leverett, Franklin County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01054	$231,257	$307,750	$395,950	$501,275	$629,710

Source: Ownwell

Property Tax Bills Across Leverett, Franklin County, Massachusetts

In Leverett, located in Franklin County, MA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, reflecting its estimated worth. Homeowners in Leverett face a median property tax bill of $6,226, which is significantly higher than the national median of $2,400. This discrepancy highlights the importance of understanding the factors that influence tax bills, such as changes in property market values and local government budgets. For homeowners, these high tax bills can be a substantial financial burden. That's where Ownwell comes in. By offering professional property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills. Our team of experts reviews property assessments to identify inaccuracies or opportunities for exemptions, ensuring homeowners are not overpaying. By appealing excessive assessments, Ownwell can help Leverett homeowners achieve significant savings, easing the financial strain of high property taxes.

Property Tax Bills Across Leverett, Franklin County, Massachusetts

Source: Ownwell

$1,177

$4,328

$7,479

Median Leverett Tax Bill

$6,226

Median Franklin County Tax Bill

$4,270

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Leverett, Franklin County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01054	$3,636	$4,838	$6,226	$7,880	$9,899

Source: Ownwell