Turners Falls, Franklin County, Massachusetts Property Taxes

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

Median Turners Falls, MA effective property tax rate: 1.56%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Turners Falls, MA home value: $218,100
Median annual Turners Falls, MA tax bill: $3,412, $1,012 higher than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

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

Last Updated March 1, 2025

Turners Falls, Franklin County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.52%

Estimate Property Tax Bill

$3,853

$3,576

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

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Turners Falls, located in Franklin County, Massachusetts, the effective property tax rate is noteworthy. The median property tax rate in Massachusetts is significantly higher than the national median of 1.02%. This places Turners Falls among the areas with a higher tax burden compared to many parts of the country. Understanding these rates is crucial for property owners seeking to manage their expenses effectively. With property taxes forming a substantial part of homeownership costs, knowing the local tax landscape can help residents make informed financial decisions. By comparing Turners Falls' effective property tax rate to other cities in Massachusetts and the national median, property owners can better understand where they stand and explore potential avenues for tax appeals or exemptions.

Property Tax Rates Across Turners Falls, Franklin County, Massachusetts

Source: Ownwell

0.90%

1.50%

2.10%

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 Turners Falls Tax Rate

1.52%

Median Effective Franklin County Tax Rate

1.47%

Median Effective Massachusetts Tax Rate

1.15%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Turners Falls, Franklin County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01376	1.52%	1.52%	1.52%	1.52%	1.52%

Source: Ownwell

Property Tax Assessment Values Across Turners Falls, Franklin County, Massachusetts

When examining property taxes in Turners Falls, 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 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 Turners Falls. For example, the median home price in Turners Falls is $218,100, with tax bills ranging significantly across the county. 01376 has the highest median home price at $218,100.

Property Tax Assessment Values Across Turners Falls, Franklin County, Massachusetts

Source: Ownwell

$136,800

$284,700

$432,600

Median Turners Falls Market Value

$253,500

Median Franklin County Market Value

$294,500

Median Massachusetts Market Value

$561,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Turners Falls, Franklin County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01376	$196,760	$223,200	$253,500	$292,600	$334,660

Source: Ownwell

Property Tax Bills Across Turners Falls, Franklin County, Massachusetts

In Turners Falls, 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 based on the market value of the property, which takes into account factors such as location, size, and condition. With a median home price of $218,100, homeowners in Turners Falls face property tax bills that often exceed the national median. The median tax bill here is $3,412, significantly higher than the national median of $2,400, reflecting the region's higher tax rate. Homeowners in the 25th percentile pay around $3,005, while those in the 90th percentile can see bills as high as $4,517. This financial burden can impact household budgets, making it crucial to ensure accurate assessments. Ownwell offers a solution by providing property tax appeal services, helping homeowners potentially reduce their tax bills. By analyzing property assessments and market data, Ownwell identifies discrepancies and advocates for fairer evaluations, ensuring homeowners don't overpay.

Property Tax Bills Across Turners Falls, Franklin County, Massachusetts

Source: Ownwell

$1,230

$3,896

$6,562

Median Turners Falls Tax Bill

$3,856

Median Franklin County Tax Bill

$4,331

Median Massachusetts Tax Bill

$6,068

Median United States Tax Bill

$2,400

Property Tax Bills Across Turners Falls, Franklin County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01376	$2,992	$3,395	$3,856	$4,450	$5,090

Source: Ownwell