Shutesbury, Franklin County, Massachusetts Property Taxes

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

Median Shutesbury, MA effective property tax rate: 1.84%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Shutesbury, MA home value: $295,400
Median annual Shutesbury, MA tax bill: $5,447, $3,047 higher than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

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

Last Updated March 1, 2025

Shutesbury, Franklin County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.84%

Estimate Property Tax Bill

$5,435

$5,044

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

Local government entities are responsible for setting tax rates, which can differ significantly across regions. This variation is due to each county's annual process of estimating its budgetary needs for providing public services and dividing this by the total value of all taxable property within its area. This calculation determines the property tax rate, which is subject to votes and legal frameworks but essentially follows this pattern each year.

For instance, Shutesbury in Franklin County, Massachusetts, has a notable effective property tax rate. When compared to other cities in Massachusetts and the national median, Shutesbury's rate provides an interesting contrast. With the national median property tax rate at 1.02%, Shutesbury's rate stands out.

Understanding these differences is crucial for property owners, as it affects the overall cost of homeownership. By analyzing these rates, property owners can make informed decisions and potentially explore avenues for appealing or reducing their property taxes. It's important for homeowners to stay informed about how their local tax rates compare to state and national averages to better manage their financial planning.

Property Tax Rates Across Shutesbury, 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 Shutesbury Tax Rate

1.84%

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 Shutesbury, Franklin County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01072	1.84%	1.84%	1.84%	1.84%	1.84%

Source: Ownwell

Property Tax Assessment Values Across Shutesbury, Franklin County, Massachusetts

When examining property taxes in Shutesbury, 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 Shutesbury.

For example, the median home price in Shutesbury is $295,400, with tax bills ranging significantly across the county. The zip code 01072 has the highest median home price at $295,400.

Property Tax Assessment Values Across Shutesbury, Franklin County, Massachusetts

Source: Ownwell

$102,700

$254,150

$405,600

Median Shutesbury Market Value

$295,400

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 Shutesbury, Franklin County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01072	$173,440	$232,400	$295,400	$387,000	$488,580

Source: Ownwell

Property Tax Bills Across Shutesbury, Franklin County, Massachusetts

In Shutesbury, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which is periodically evaluated by local assessors. Factors such as property size, location, and improvements can affect this value. Homeowners in Shutesbury face a median property tax bill of $5,447, significantly higher than the national median of $2,400. This can place a financial burden on residents, especially when property values rise. Homeowners in the 25th percentile pay around $4,285, while those in the 75th percentile face bills as high as $7,136. For those in the 90th percentile, tax bills can reach $9,010. Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging expertise in local tax laws and thorough property assessments, Ownwell helps homeowners identify potential savings opportunities, ensuring they only pay their fair share and potentially lowering their tax bills.

Property Tax Bills Across Shutesbury, Franklin County, Massachusetts

Source: Ownwell

$1,177

$4,328

$7,479

Median Shutesbury Tax Bill

$5,447

Median Franklin County Tax Bill

$4,270

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Shutesbury, Franklin County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01072	$3,198	$4,285	$5,447	$7,136	$9,010

Source: Ownwell