Hawley, Massachusetts Property Taxes
The median property tax rate in Hawley, MA is 1.67%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Hawley at $213,300, the typical annual property tax bill reaches $3,554, exceeding the national median of $2,690. Property taxes in Hawley 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 Hawley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hawley or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hawley, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,562
Ownwell’s Hawley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hawley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hawley 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 Hawley, Massachusetts
Property taxes in Hawley, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hawley is 1.67%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hawley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hawley 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 Hawley's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01339 zip code has both the highest and lowest median property tax rate of 1.67%. Understanding how these cities compare with Hawley 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 Hawley Tax Rate
1.67%
Average Franklin County Tax Rate
1.69%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hawley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01339 | 1.67% | 1.67% | 1.67% | 1.67% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Hawley, Massachusetts
In Hawley, 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 Hawley, 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 Hawley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 01339, with a median bill of $3554.00, while the zip code with the lowest median tax bill is also 01339, with the same median bill of $3554.00.
Average Hawley Assessed Value
$213,300
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 Hawley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01339 | $59,930 | $123,125 | $213,300 | $268,425 | $329,810 |
Source: Ownwell
Property Tax Bills Across Hawley, Massachusetts
In Hawley, located in Franklin County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the property. Factors such as the size of the property, location, and any improvements or renovations made can influence this assessed value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For instance, the median home price in Hawley is $213,300, and property tax bills can range significantly. Homeowners in the 25th percentile pay around $2,052, while those in the 75th percentile face bills as high as $4,472. At the 90th percentile, the tax bill can reach up to $6,002. Compared to the national median property tax rate of 0.99%, Hawley's property tax rates can have a considerable impact on homeowners, making it essential for them to understand how their tax bills are calculated and what factors contribute to the final amount.
Average Hawley Tax Bill
$3,554
Average Franklin County Tax Bill
$4,270
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Hawley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01339 | $1,074 | $2,052 | $3,554 | $4,472 | $6,002 |
Source: Ownwell