North Hatfield, Massachusetts Property Taxes
The median property tax rate in North Hatfield, MA is 1.35%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in North Hatfield, the typical annual property tax bill reaches $4,178, exceeding the national median of $2,690. Property taxes in North Hatfield 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 North Hatfield'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 North Hatfield 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
North Hatfield, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$4,185
Ownwell’s North Hatfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Hatfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Hatfield 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 North Hatfield, Massachusetts
Property taxes in North Hatfield, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Hatfield is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Hatfield set these rates annually, and they can vary across different neighborhoods. Each year, North Hatfield 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 North Hatfield's effective property tax rate to other areas in Hampshire County and the national median. For comparison, the zip code 01066 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these areas compare with North Hatfield 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 North Hatfield Tax Rate
1.35%
Average Hampshire County Tax Rate
1.63%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Hatfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01066 | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across North Hatfield, Massachusetts
In North Hatfield, 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 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. In North Hatfield, 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. For example, the median home price in North Hatfield is $310,000. Homeowners in the 01066 zip code face the highest median tax bill at $4,178, which is also the lowest median tax bill in the area. 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 North Hatfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across North Hatfield, Massachusetts
Source: Ownwell
$189,450
$450,950
$712,450
Average North Hatfield Assessed Value
$310,000
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 North Hatfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01066 | $264,850 | $283,850 | $310,000 | $378,291 | $466,550 |
Source: Ownwell
Property Tax Bills Across North Hatfield, Massachusetts
In North Hatfield, 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 Hampshire County assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in North Hatfield, the median home price is $310,000. Property tax bills can vary significantly, with the 25th percentile paying around $3,826 annually, while those in the 75th percentile see bills closer to $5,099. The 90th percentile reaches up to $6,289. The highest and lowest median tax bills in the area are both $4,178, as seen in the zip code 01066. These property taxes fund essential local services such as schools, public safety, and infrastructure. Homeowners in North Hatfield should be aware of these factors as they directly impact their annual financial obligations and the value they receive from local services.
Average North Hatfield Tax Bill
$4,178
Average Hampshire County Tax Bill
$5,000
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across North Hatfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01066 | $3,570 | $3,826 | $4,178 | $5,099 | $6,289 |
Source: Ownwell