Longmeadow, Massachusetts Property Taxes
The median property tax rate in Longmeadow, 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 Longmeadow at $393,650, the typical annual property tax bill reaches $9,021, far exceeding the national median of $2,690. Property taxes in Longmeadow 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 Longmeadow'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 Longmeadow 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
Longmeadow, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.29%
Estimate Property Tax Bill
$9,015
Ownwell’s Longmeadow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Longmeadow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Longmeadow 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 Longmeadow, Massachusetts
Property taxes in Longmeadow, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Longmeadow is 2.29%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Longmeadow set these rates annually, and they can vary across different neighborhoods. Each year, Longmeadow 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. Understanding how Longmeadow's effective property tax rate compares with other areas in Hampden County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Longmeadow Tax Rate
2.29%
Average Hampden County Tax Rate
1.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Longmeadow, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01106 | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Longmeadow, Massachusetts
In Longmeadow, 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. Assessment notices in Longmeadow 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. The median home price in Longmeadow is $393,650, with the 25th percentile tax bill at $7,298 and the 75th percentile tax bill at $11,538. The highest and lowest median tax bills are both $9,021 in the 01106 zip code. 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 Longmeadow, Massachusetts
Source: Ownwell
$59,100
$292,600
$526,100
Average Longmeadow Assessed Value
$393,650
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 Longmeadow, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01106 | $270,770 | $318,600 | $393,650 | $503,375 | $644,180 |
Source: Ownwell
Property Tax Bills Across Longmeadow, Massachusetts
In Longmeadow, 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 Hampden County assessor's office, which evaluates the market value of properties. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Longmeadow is $393,650, and with the local tax rate, the median tax bill stands at $9,021. Several factors influence the assessed value, including property size, location, and improvements made to the property. Homeowners in Longmeadow can expect their tax bills to vary significantly, with the 25th percentile tax bill at $7,298 and the 90th percentile reaching up to $14,764. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Longmeadow's tax bills are notably higher, reflecting the area's commitment to maintaining high-quality public services and amenities.
Average Longmeadow Tax Bill
$9,021
Average Hampden County Tax Bill
$4,101
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Longmeadow, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01106 | $6,192 | $7,298 | $9,021 | $11,538 | $14,764 |
Source: Ownwell