Hinsdale, Massachusetts Property Taxes
The median property tax rate in Hinsdale, MA is 1.65%, significantly higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Hinsdale at $208,750, the typical annual property tax bill reaches $3,454, surpassing the national median of $2,690. Property taxes in Hinsdale 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 Hinsdale'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 Hinsdale 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
Hinsdale, 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 Hinsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hinsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hinsdale 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 Hinsdale, Massachusetts
Property taxes in Hinsdale, Massachusetts, are essential in funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Hinsdale is 1.65%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hinsdale set these rates annually, and they can vary across different neighborhoods. Each year, Hinsdale 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 Hinsdale's effective property tax rate to other regions in Massachusetts and the national median. For comparison, the zip code 01235 has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these areas compare with Hinsdale provides valuable insights into the varying tax landscape across Hampshire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hinsdale Tax Rate
1.65%
Average Hampshire County Tax Rate
1.63%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hinsdale, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01235 | 1.65% | 1.65% | 1.65% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Hinsdale, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hinsdale, Massachusetts. The market value is the price a willing buyer would pay to 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 Hampshire 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. Assessment notices in Hinsdale 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. Hinsdale's median home price stands at $208,750, with the 25th percentile tax bill at $2,795 and the 75th percentile at $4,059. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hinsdale, Massachusetts
Source: Ownwell
$189,450
$450,950
$712,450
Average Hinsdale Assessed Value
$208,750
Average Hampshire County Assessed Value
$310,200
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hinsdale, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01235 | $149,800 | $168,875 | $208,750 | $245,250 | $354,240 |
Source: Ownwell
Property Tax Bills Across Hinsdale, Massachusetts
In Hinsdale, MA, property tax bills are calculated based on the assessed value of a homeowner's property and the local tax rate. The assessed value is determined by the town's assessor, who evaluates the market value of the property. This value is then multiplied by the local tax rate to calculate the annual property tax bill. For instance, with a median home price of $208,750, homeowners can expect their tax bill to vary significantly. Factors such as property size, location, and condition can influence the assessed value, leading to variations in tax bills. In Hinsdale, the tax bill for the 25th percentile is $2,795, while the 75th percentile sees a tax bill of $4,059. At the 90th percentile, homeowners face a tax bill of $5,862. These figures highlight the range of property tax burdens in the area, which can impact homeowners' financial planning and overall cost of living. Comparatively, the national median property tax rate is 0.99%, providing a benchmark for residents to understand their tax obligations.
Average Hinsdale Tax Bill
$3,454
Average Hampshire County Tax Bill
$5,000
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Hinsdale, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01235 | $2,479 | $2,795 | $3,454 | $4,059 | $5,862 |
Source: Ownwell