Heath, Massachusetts Property Taxes
The median property tax rate in Heath, MA is 2.29%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Heath, the typical annual property tax bill reaches $3,608, exceeding the national median of $2,690. Property taxes in Heath 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 Heath'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 Heath 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
Heath, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.29%
Estimate Property Tax Bill
$3,656
$3,392
Ownwell’s Heath Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Heath with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heath to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in exploring trends at a neighborhood level, additional localized information is available further down the page. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Heath, Massachusetts
Property taxes in Heath, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Heath is 2.29%, significantly higher than the U.S. national median of 0.99%. Local government entities within Heath set these rates annually, and they can vary significantly across different neighborhoods. Each year, Heath 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 Heath's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01346 zip code has both the highest and lowest median property tax rate of 2.29%. Understanding how these cities compare with Heath 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 Heath Tax Rate
2.29%
Average Franklin County Tax Rate
1.69%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Heath, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01346 | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Heath, Massachusetts
In Heath, 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 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. In Heath, 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 Heath helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Heath is 01346, with a median tax bill of $3,608.
Average Heath Assessed Value
$159,634
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 Heath, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01346 | $50,660 | $93,300 | $159,634 | $239,500 | $335,118 |
Source: Ownwell
Property Tax Bills Across Heath, Massachusetts
In Heath, located in Franklin 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 local assessors who evaluate various factors such as the size, age, and condition of the property, as well as recent sales of comparable homes in the area. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For homeowners in Heath, the median home price is $159,634, leading to a range of property tax bills. The 25th percentile tax bill is $2,110, while the 75th percentile tax bill reaches $5,480, and the 90th percentile climbs to $7,667. Comparatively, the national median property tax rate is 0.99%, which places Heath's property taxes above the national average. This higher tax rate can significantly impact homeowners by increasing their annual expenses, potentially affecting their overall financial planning and home affordability.
Average Heath Tax Bill
$3,608
Average Franklin County Tax Bill
$4,270
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Heath, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01346 | $1,159 | $2,110 | $3,608 | $5,480 | $7,667 |
Source: Ownwell