Hatfield, Massachusetts Property Taxes
The median property tax rate in 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 Hatfield, the typical annual property tax bill reaches $4,674, exceeding the national median of $2,690. Property taxes in 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 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 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
Hatfield, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$4,681
Ownwell’s Hatfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hatfield with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Hatfield to provide an accurate estimate of your property tax bill. This invaluable tool helps you anticipate potential tax liabilities. For those interested in neighborhood-specific trends, additional localized information is available below. Your property’s assessed value is determined by Hampshire County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Hatfield, Massachusetts
Property taxes in Hatfield, Massachusetts, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Hatfield is 1.35%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Hatfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, 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 Hatfield's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01038 zip code has the highest median property tax rate of 1.35%, while the 01038 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with 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 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 Hatfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01038 | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Hatfield, Massachusetts
In 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 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. 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 Hatfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $346,750, with tax bills ranging from $3,964 at the 25th percentile to $7,554 at the 90th percentile. The highest and lowest median tax bills, both at $4,674, are found in the 01038 zip code.
Property Tax Assessment Values Across Hatfield, Massachusetts
Source: Ownwell
$189,450
$450,950
$712,450
Average Hatfield Assessed Value
$346,750
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 Hatfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01038 | $259,700 | $294,100 | $346,750 | $437,900 | $560,400 |
Source: Ownwell
Property Tax Bills Across Hatfield, Massachusetts
In Hatfield, located in Hampshire County, MA, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the town’s assessors, who evaluate various factors such as the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Hatfield, the median home price stands at $346,750. With a tax rate that results in a median tax bill of $4,674, homeowners can expect their property tax bills to vary significantly. For instance, the tax bill for the 25th percentile is $3,964, while the 75th percentile sees a tax bill of $5,903. At the higher end, the 90th percentile tax bill reaches $7,554. Compared to the national median property tax rate of 0.99%, Hatfield's property tax rates can have a substantial impact on homeowners, influencing their overall cost of living and financial planning.
Average Hatfield Tax Bill
$4,674
Average Hampshire County Tax Bill
$5,000
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Hatfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01038 | $3,500 | $3,964 | $4,674 | $5,903 | $7,554 |
Source: Ownwell