Feeding Hills, Massachusetts Property Taxes
The median property tax rate in Feeding Hills, MA is 1.58%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Feeding Hills at $278,700, the typical annual property tax bill reaches $4,396, exceeding the national median of $2,690. Property taxes in Feeding Hills 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 Feeding Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Feeding Hills 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
Feeding Hills, 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 Feeding Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Feeding Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Feeding Hills 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 Feeding Hills, Massachusetts
Property taxes in Feeding Hills, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Feeding Hills is 1.58%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Feeding Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Feeding Hills 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 Feeding Hills' effective property tax rate to other areas within Hampden County and the national median. For comparison, the zip code 01030 has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with Feeding Hills 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 Feeding Hills Tax Rate
1.58%
Average Hampden County Tax Rate
1.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Feeding Hills, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01030 | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Feeding Hills, Massachusetts
In Feeding Hills, 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 Feeding Hills, 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 Feeding Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $4,396, found in zip code 01030.
Property Tax Assessment Values Across Feeding Hills, Massachusetts
Source: Ownwell
$59,100
$292,600
$526,100
Average Feeding Hills Assessed Value
$278,700
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 Feeding Hills, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01030 | $212,500 | $239,100 | $278,700 | $339,400 | $431,820 |
Source: Ownwell
Property Tax Bills Across Feeding Hills, Massachusetts
In Feeding Hills, located in Hampden County, MA, property tax bills are determined based on the assessed value of the property and the local tax rate. The assessed value is an estimate of the property's market value, which is periodically updated to reflect changes in the real estate market. Homeowners in Feeding Hills can expect a median property tax bill of $4,396, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, size, and condition. Additionally, local government budgets and funding needs for public services such as schools, infrastructure, and emergency services play a critical role in setting the tax rate. For example, homeowners in the 25th percentile of tax bills pay around $3,773, while those in the 75th percentile face bills of approximately $5,354. This variation highlights the impact that property characteristics and local fiscal policies have on individual tax liabilities. Understanding these factors can help homeowners anticipate and manage their property tax expenses effectively.
Average Feeding Hills Tax Bill
$4,396
Average Hampden County Tax Bill
$4,101
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Feeding Hills, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01030 | $3,353 | $3,773 | $4,396 | $5,354 | $6,814 |
Source: Ownwell