Westfield, Massachusetts Property Taxes
The median property tax rate in Westfield, 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 Westfield at $266,500, the typical annual property tax bill reaches $4,518, exceeding the national median of $2,690. Property taxes in Westfield 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 Westfield'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 Westfield 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
Westfield, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$4,531
$4,204
Ownwell’s Westfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westfield 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 Westfield, Massachusetts
Property taxes in Westfield, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westfield is 1.70%, significantly higher than the U.S. national median of 0.99%. Local government entities within Westfield set these rates annually, and they can vary across different neighborhoods. Each year, Westfield 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 Westfield's effective property tax rate to other areas in Hampden County and the national median. For comparison, the zip code 01085 has the highest median property tax rate of 1.70%, while the same zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with Westfield 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 Westfield 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 Westfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01085 | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Westfield, Massachusetts
In Westfield, 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 Westfield, 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 Westfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills in Westfield is 01085, both at $4,518.
Property Tax Assessment Values Across Westfield, Massachusetts
Source: Ownwell
$59,100
$292,600
$526,100
Average Westfield Assessed Value
$266,500
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 Westfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01085 | $199,810 | $229,700 | $266,500 | $332,606 | $437,680 |
Source: Ownwell
Property Tax Bills Across Westfield, Massachusetts
In Westfield, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Hampden County. The assessed value is determined by the local assessor's office and reflects the estimated market value of the property. Homeowners in Westfield experience varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors such as property improvements, neighborhood trends, and market conditions influence the assessed value. For instance, the median home price in Westfield is $266,500, which serves as a benchmark for determining tax obligations. Homeowners at the 25th percentile pay around $3,900 annually, while those at the 75th percentile see bills closer to $5,634. At the 90th percentile, tax bills can reach up to $7,423. This variability in tax bills significantly impacts homeowners, influencing their financial planning and overall cost of living. Compared to the national median property tax rate of 0.99%, Westfield's property tax rates reflect the region's specific economic and market conditions.
Average Westfield Tax Bill
$4,518
Average Hampden County Tax Bill
$4,101
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Westfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01085 | $3,393 | $3,900 | $4,518 | $5,636 | $7,424 |
Source: Ownwell