Haverhill, Massachusetts Property Taxes
The median property tax rate in Haverhill, MA is 1.12%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Haverhill at $410,000, the typical annual property tax bill reaches $4,567, exceeding the national median of $2,690. Property taxes in Haverhill 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 Haverhill'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 Haverhill 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
Haverhill, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$4,592
Ownwell’s Haverhill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haverhill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haverhill 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 Haverhill, Massachusetts
Property taxes in Haverhill, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Haverhill is 1.12%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Haverhill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haverhill 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 Haverhill's effective property tax rate to other areas in Essex County and the national median. For comparison, the 01835 zip code has the highest median property tax rate of 1.12%, while the 01832 zip code has the lowest median tax rate of 1.11%. Understanding how these areas compare with Haverhill provides valuable insights into the varying tax landscape across Essex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Haverhill Tax Rate
1.12%
Average Essex County Tax Rate
1.12%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haverhill, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01830 | 1.11% | 1.11% | 1.11% | 1.12% | 1.12% |
| 01832 | 1.11% | 1.11% | 1.11% | 1.12% | 1.12% |
| 01833 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
| 01835 | 1.11% | 1.11% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Haverhill, Massachusetts
In Haverhill, 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 Essex 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 in Haverhill 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 highest median tax bill in Haverhill is $5,924 in the 01833 zip code, while the lowest median tax bill is $4,402 in the 01832 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Haverhill, Massachusetts
Source: Ownwell
$258,000
$802,500
$1,347,000
Average Haverhill Assessed Value
$410,000
Average Essex County Assessed Value
$545,500
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Haverhill, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01830 | $245,500 | $353,550 | $413,700 | $493,600 | $576,900 |
| 01832 | $245,300 | $312,600 | $395,200 | $484,300 | $587,000 |
| 01833 | $531,300 | $531,300 | $531,300 | $531,300 | $531,300 |
| 01835 | $280,740 | $349,100 | $420,550 | $493,000 | $595,750 |
Source: Ownwell
Property Tax Bills Across Haverhill, Massachusetts
In Haverhill, Essex 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 evaluates the property's market value. This assessed value is then multiplied by the tax rate set by the local government to determine the annual tax bill. For example, with a median home price of $410,000, homeowners in Haverhill can expect varying tax bills. The 25th percentile tax bill is approximately $3,755, while the 75th percentile reaches around $5,459. At the 90th percentile, tax bills can go up to $6,524. These tax bills can significantly impact homeowners, influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, Haverhill's rates reflect the region's higher property values and local tax policies. Within Essex County, the highest median tax bill is found in the 01833 zip code at $5,924, while the lowest is in the 01832 zip code at $4,402.
Average Haverhill Tax Bill
$4,567
Average Essex County Tax Bill
$6,145
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Haverhill, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01830 | $2,737 | $3,942 | $4,607 | $5,500 | $6,421 |
| 01832 | $2,735 | $3,484 | $4,402 | $5,394 | $6,538 |
| 01833 | $5,924 | $5,924 | $5,924 | $5,924 | $5,924 |
| 01835 | $3,129 | $3,891 | $4,684 | $5,488 | $6,630 |
Source: Ownwell