Easthampton, Massachusetts Property Taxes
The median property tax rate in Easthampton, MA is 1.88%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Easthampton, the typical annual property tax bill reaches $3,880, exceeding the national median of $2,690. Property taxes in Easthampton 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 Easthampton'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 Easthampton 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
Easthampton, 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 Easthampton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Easthampton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Easthampton 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 Easthampton, Massachusetts
Property taxes in Easthampton, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Easthampton is 1.88%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Easthampton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Easthampton 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 Easthampton's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01027 zip code has both the highest and lowest median property tax rate of 1.88%. Understanding how these cities compare with Easthampton 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 Easthampton Tax Rate
1.88%
Average Hampden County Tax Rate
1.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Easthampton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01027 | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Easthampton, Massachusetts
In Easthampton, 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 local 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 Easthampton 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 Easthampton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Easthampton stands at $206,800, with the median tax bill being $3,880 across all zip codes, including the highest and lowest median tax bills found in zip code 01027.
Property Tax Assessment Values Across Easthampton, Massachusetts
Source: Ownwell
$59,100
$292,600
$526,100
Average Easthampton Assessed Value
$206,800
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 Easthampton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01027 | $206,800 | $206,800 | $206,800 | $206,800 | $206,800 |
Source: Ownwell
Property Tax Bills Across Easthampton, Massachusetts
In Easthampton, Hampden 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, which estimates the market value of the property. This value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Easthampton, the median home price is $206,800, and the property tax rate results in a median annual tax bill of $3,880. This rate is significantly higher than the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value, thereby affecting the tax bill. Higher property taxes can impact homeowners by increasing their annual expenses, but they also contribute to local services and infrastructure. Understanding how these taxes are calculated can help homeowners plan their finances and potentially explore exemptions or appeals if they believe their assessment is too high.
Average Easthampton Tax Bill
$3,880
Average Hampden County Tax Bill
$4,101
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Easthampton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01027 | $3,880 | $3,880 | $3,880 | $3,880 | $3,880 |
Source: Ownwell