South Hadley, Massachusetts Property Taxes
The median property tax rate in South Hadley, MA is 1.51%, significantly higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in South Hadley at $202,200, the typical annual property tax bill reaches $3,063, exceeding the national median of $2,690. Property taxes in South Hadley are calculated based on the assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding South Hadley'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 South Hadley or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Hadley, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s South Hadley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Hadley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Hadley 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 South Hadley, Massachusetts
Property taxes in South Hadley, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Hadley is 1.51%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within South Hadley set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Hadley 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 South Hadley's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01075 zip code has the highest median property tax rate of 1.51%, while the 01075 zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with South Hadley provides valuable insights into the varying tax landscape across Hampden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Hadley Tax Rate
1.51%
Average Hampden County Tax Rate
1.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Hadley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01075 | 1.51% | 1.51% | 1.51% | 1.51% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across South Hadley, Massachusetts
In South Hadley, 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 Hampden 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 South Hadley, 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 South Hadley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in South Hadley is $202,200, with tax bills ranging from $2,895 at the 25th percentile to $4,147 at the 75th percentile. The highest and lowest median tax bills both stand at $3,063 in the 01075 zip code.
Property Tax Assessment Values Across South Hadley, Massachusetts
Source: Ownwell
$59,100
$292,600
$526,100
Average South Hadley Assessed Value
$202,200
Average Hampden County Assessed Value
$245,200
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Hadley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01075 | $157,800 | $191,100 | $202,200 | $273,700 | $293,920 |
Source: Ownwell
Property Tax Bills Across South Hadley, Massachusetts
In South Hadley, 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 Hampden County assessor’s office and reflects the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in South Hadley can expect to see a range of tax bills depending on their property's assessed value. For instance, properties in the 25th percentile have tax bills around $2,895, while those in the 75th percentile see bills closer to $4,147. The 90th percentile reaches up to $4,453. The median home price in South Hadley is $202,200, which can help homeowners estimate their potential tax bill. Compared to the national median property tax rate of 0.99%, South Hadley's tax rates may vary, impacting homeowners differently based on their property values. Understanding these factors can help homeowners budget for their annual tax expenses and anticipate changes in their tax bills.
Average South Hadley Tax Bill
$3,063
Average Hampden County Tax Bill
$4,101
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across South Hadley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01075 | $2,390 | $2,895 | $3,063 | $4,147 | $4,453 |
Source: Ownwell