Springfield, Massachusetts Property Taxes
The median property tax rate in Springfield, MA is 1.71%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Springfield at $209,800, the typical annual property tax bill reaches $3,577, exceeding the national median of $2,690. Property taxes in Springfield 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 Springfield'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 Springfield 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
Springfield, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Springfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Springfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Springfield 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 Springfield, Massachusetts
Property taxes in Springfield, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Springfield is 1.71%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Springfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springfield 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 Springfield's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01128 zip code has the highest median property tax rate of 1.71%, while the 01103 zip code has the lowest median tax rate of 1.70%. Understanding how these cities compare with Springfield 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 Springfield Tax Rate
1.71%
Average Hampden County Tax Rate
1.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01101 | 1.70% | 1.70% | 1.70% | 1.71% | 1.74% |
| 01103 | 1.70% | 1.70% | 1.70% | 1.71% | 1.71% |
| 01104 | 1.70% | 1.70% | 1.71% | 1.71% | 1.71% |
| 01105 | 1.70% | 1.70% | 1.70% | 1.71% | 1.71% |
| 01106 | 1.70% | 1.70% | 1.70% | 1.71% | 1.71% |
| 01107 | 1.70% | 1.70% | 1.71% | 1.71% | 1.71% |
| 01108 | 1.70% | 1.70% | 1.71% | 1.71% | 1.71% |
| 01109 | 1.70% | 1.70% | 1.71% | 1.71% | 1.71% |
| 01118 | 1.70% | 1.70% | 1.70% | 1.71% | 1.71% |
| 01119 | 1.70% | 1.70% | 1.71% | 1.71% | 1.71% |
| 01128 | 1.70% | 1.70% | 1.71% | 1.71% | 1.71% |
| 01129 | 1.70% | 1.70% | 1.71% | 1.71% | 1.71% |
| 01151 | 1.70% | 1.70% | 1.70% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Springfield, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Springfield, Massachusetts. 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 Springfield 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. For instance, the highest median tax bill in Springfield is in zip code 01106 at $8,970, while the lowest is in zip code 01103 at $1,008. 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 Springfield, Massachusetts
Source: Ownwell
$59,100
$292,600
$526,100
Average Springfield Assessed Value
$209,800
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 Springfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01101 | $161,660 | $178,350 | $214,500 | $289,450 | $339,000 |
| 01103 | $40,000 | $51,350 | $59,100 | $134,900 | $170,680 |
| 01104 | $153,000 | $172,500 | $197,700 | $226,600 | $251,940 |
| 01105 | $80,600 | $128,975 | $167,900 | $212,450 | $253,590 |
| 01106 | $390,160 | $448,800 | $526,100 | $572,200 | $648,200 |
| 01107 | $156,600 | $180,000 | $216,700 | $254,800 | $298,660 |
| 01108 | $152,800 | $187,325 | $216,100 | $248,500 | $284,200 |
| 01109 | $129,100 | $155,600 | $182,650 | $213,775 | $244,500 |
| 01118 | $181,290 | $203,900 | $232,300 | $266,500 | $304,710 |
| 01119 | $168,800 | $190,600 | $214,800 | $248,800 | $290,340 |
| 01128 | $194,560 | $208,600 | $230,300 | $265,800 | $324,000 |
| 01129 | $158,100 | $198,500 | $233,000 | $264,500 | $307,700 |
| 01151 | $193,260 | $217,875 | $247,250 | $266,425 | $290,570 |
Source: Ownwell
Property Tax Bills Across Springfield, Massachusetts
In Springfield, located in Hampden 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 city's assessment office, which evaluates the property's market value. Factors such as the property's location, size, condition, and comparable sales in the area are considered in this evaluation. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Homeowners in Springfield experience a wide range of property tax bills. For instance, the 25th percentile tax bill is around $3,030, while the 75th percentile tax bill is approximately $4,160. The 90th percentile tax bill can reach up to $4,822. The highest median tax bill in the area is $8,970 in the 01106 zip code, whereas the lowest is $1,008 in the 01103 zip code. These variations highlight the significant impact that property location and assessed value have on homeowners' tax obligations.
Average Springfield Tax Bill
$3,577
Average Hampden County Tax Bill
$4,101
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Springfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01101 | $2,756 | $3,114 | $3,657 | $4,935 | $5,780 |
| 01103 | $682 | $876 | $1,008 | $2,300 | $2,910 |
| 01104 | $2,609 | $2,941 | $3,371 | $3,864 | $4,296 |
| 01105 | $1,374 | $2,199 | $2,862 | $3,622 | $4,324 |
| 01106 | $6,652 | $7,652 | $8,970 | $9,756 | $11,052 |
| 01107 | $2,670 | $3,069 | $3,695 | $4,344 | $5,092 |
| 01108 | $2,609 | $3,195 | $3,686 | $4,239 | $4,851 |
| 01109 | $2,201 | $2,653 | $3,114 | $3,645 | $4,169 |
| 01118 | $3,091 | $3,476 | $3,961 | $4,544 | $5,195 |
| 01119 | $2,878 | $3,250 | $3,662 | $4,242 | $4,951 |
| 01128 | $3,317 | $3,557 | $3,927 | $4,532 | $5,524 |
| 01129 | $2,696 | $3,384 | $3,974 | $4,510 | $5,246 |
| 01151 | $3,295 | $3,714 | $4,216 | $4,542 | $4,954 |
Source: Ownwell