Haydenville, Massachusetts Property Taxes
The median property tax rate in Haydenville, MA is 1.42%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Haydenville at $375,900, the typical annual property tax bill reaches $5,338, exceeding the national median of $2,690. Property taxes in Haydenville 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 Haydenville'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 Haydenville 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
Haydenville, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$5,338
Ownwell’s Haydenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haydenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haydenville 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 Haydenville, Massachusetts
Property taxes in Haydenville, Massachusetts, play a crucial role in financing essential local services, including public education, road maintenance, and emergency services. The median tax rate in Haydenville is 1.42%, which is significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Haydenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haydenville 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 Haydenville's effective property tax rate to other areas in Massachusetts and the national median. For comparison, the 01039 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these figures compare with Haydenville 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 Haydenville Tax Rate
1.42%
Average Franklin County Tax Rate
1.69%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haydenville, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01039 | 1.42% | 1.42% | 1.42% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Haydenville, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Haydenville, Massachusetts. 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. 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. In Haydenville, the median home price is $375,900, and the median tax bill is $5,338, which is significantly higher than the national median property tax rate of 0.99%. The zip code with both the highest and lowest median tax bills is 01039, with a median tax bill of $5,338. 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 Haydenville, Massachusetts
Source: Ownwell
$41,900
$262,550
$483,200
Average Haydenville Assessed Value
$375,900
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 Haydenville, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01039 | $375,900 | $375,900 | $375,900 | $375,900 | $375,900 |
Source: Ownwell
Property Tax Bills Across Haydenville, Massachusetts
In Haydenville, located in Franklin County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The local tax rate is applied to the assessed value to determine the annual tax bill. For example, with a median home price of $375,900, homeowners can expect a tax bill around $5,338, which is consistent across the 25th, 75th, and 90th percentiles in the area. This figure is significantly higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the home's size, age, location, and market conditions. The assessed value is periodically reviewed to reflect changes in the market and property improvements. High property taxes can impact homeowners by increasing their annual expenses, potentially affecting affordability and influencing decisions about buying, selling, or renovating properties. Understanding how these taxes are calculated helps homeowners plan their finances and anticipate future tax liabilities.
Average Haydenville Tax Bill
$5,338
Average Franklin County Tax Bill
$4,270
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Haydenville, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01039 | $5,338 | $5,338 | $5,338 | $5,338 | $5,338 |
Source: Ownwell