Indian Orchard, Massachusetts Property Taxes
The median property tax rate in Indian Orchard, MA is 1.70%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Indian Orchard, the typical annual property tax bill reaches $3,431, exceeding the national median of $2,690. Property taxes in Indian Orchard 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 Indian Orchard'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 Indian Orchard 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
Indian Orchard, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$3,421
$3,175
Ownwell’s Indian Orchard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Indian Orchard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Indian Orchard 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 Hampden County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Indian Orchard, Massachusetts
Property taxes in Indian Orchard, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Indian Orchard is 1.70%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Indian Orchard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Indian Orchard 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 Indian Orchard's effective property tax rate to other areas in Hampden County and the national median. For comparison, the zip code 01151 has both the highest and lowest median property tax rate of 1.70%. Understanding how these areas compare with Indian Orchard 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 Indian Orchard Tax Rate
1.70%
Average Hampden County Tax Rate
1.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Indian Orchard, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01151 | 1.70% | 1.70% | 1.70% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Indian Orchard, Massachusetts
In Indian Orchard, 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 Indian Orchard, 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. The highest median tax bill in the area is $3,431.00, found in zip code 01151, which also has the lowest median 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 Indian Orchard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Indian Orchard, Massachusetts
Source: Ownwell
$59,100
$292,600
$526,100
Average Indian Orchard Assessed Value
$201,250
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 Indian Orchard, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01151 | $143,200 | $170,825 | $201,250 | $233,125 | $266,870 |
Source: Ownwell
Property Tax Bills Across Indian Orchard, Massachusetts
In Indian Orchard, property tax bills are calculated based on the assessed value of a home and the tax rate set by local authorities. The assessed value is determined by the Hampden County assessor's office and reflects the market value of the property. Once the property’s assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Indian Orchard, the median home price stands at $201,250, which is used to gauge the typical tax burden. The tax bill can vary significantly, with the 25th percentile at $2,913 and the 75th percentile at $3,974, showing a range of possible outcomes for different properties. The 90th percentile tax bill reaches up to $4,550, indicating higher assessments for more valuable homes. Comparatively, the national median property tax rate is 0.99%, making Indian Orchard’s tax bills relatively higher. This impacts homeowners by increasing their annual expenses, which can influence decisions on buying, selling, or renovating properties.
Average Indian Orchard Tax Bill
$3,431
Average Hampden County Tax Bill
$4,101
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Indian Orchard, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01151 | $2,442 | $2,913 | $3,431 | $3,974 | $4,550 |
Source: Ownwell