West Springfield, Massachusetts Property Taxes
The median property tax rate in West Springfield, MA is 1.55%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in West Springfield at $258,700, the typical annual property tax bill reaches $4,020, exceeding the national median of $2,690. Property taxes in West 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 West 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 West 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
West 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 WEST SPRINGFIELD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST SPRINGFIELD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST 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 West Springfield, Massachusetts
Property taxes in West Springfield, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Springfield is 1.55%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within West Springfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, West 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 West Springfield's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01089 zip code has the highest median property tax rate of 1.55%, while the 01089 zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with West 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 West Springfield Tax Rate
1.55%
Average Hampden County Tax Rate
1.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Springfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01089 | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across West Springfield, Massachusetts
In West Springfield, 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 West Springfield, 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. For example, in the zip code 01089, the median tax bill is $4,020. 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 West Springfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across West Springfield, Massachusetts
Source: Ownwell
$59,100
$292,600
$526,100
Average West Springfield Assessed Value
$258,700
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 West Springfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01089 | $192,400 | $223,125 | $258,700 | $313,400 | $390,700 |
Source: Ownwell
Property Tax Bills Across West Springfield, Massachusetts
In West Springfield, Hampden County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in West Springfield face a property tax rate that can significantly impact their annual expenses. For instance, the median home price in the area is $258,700. The tax bill for properties at the 25th percentile is around $3,468, while those at the 75th percentile can expect to pay approximately $4,870. At the 90th percentile, the tax bill can reach up to $6,071. The highest and lowest median tax bills in West Springfield are both recorded at $4,020 in the 01089 zip code, indicating a relatively consistent tax rate across the area. With the national median property tax rate at 0.99%, homeowners in West Springfield may find their property tax bills to be higher than the national average. These taxes fund essential public services, but they also represent a significant financial consideration for homeowners in the region.
Average West Springfield Tax Bill
$4,020
Average Hampden County Tax Bill
$4,101
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across West Springfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01089 | $2,990 | $3,468 | $4,020 | $4,870 | $6,071 |
Source: Ownwell