Wilbraham, Massachusetts Property Taxes
The median property tax rate in Wilbraham, MA is 1.87%, significantly higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With a median home value of $350,300 in Wilbraham, the typical annual property tax bill amounts to $6,551, well above the national median of $2,690. Property taxes in Wilbraham are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence exemption. Understanding Wilbraham's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Wilbraham or another part of Hampden County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wilbraham, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.87%
Estimate Property Tax Bill
$6,551
Ownwell’s Wilbraham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilbraham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilbraham 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 Wilbraham, Massachusetts
Property taxes in Wilbraham, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilbraham is 1.87%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Wilbraham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilbraham 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 Wilbraham's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01095 zip code has the highest median property tax rate of 1.87%, while the same zip code also has the lowest median tax rate of 1.87%. Understanding how these cities compare with Wilbraham 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 Wilbraham Tax Rate
1.87%
Average Hampden County Tax Rate
1.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilbraham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01095 | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Wilbraham, Massachusetts
In Wilbraham, 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 Wilbraham 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 Wilbraham 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 bill in Wilbraham is 01095, both at $6,551, which is above the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Wilbraham, Massachusetts
Source: Ownwell
$59,100
$292,600
$526,100
Average Wilbraham Assessed Value
$350,300
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 Wilbraham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01095 | $238,930 | $289,275 | $350,300 | $434,200 | $531,227 |
Source: Ownwell
Property Tax Bills Across Wilbraham, Massachusetts
Property tax bills in Wilbraham, located in Hampden County, MA, are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the tax rate set by the local government to determine the annual tax bill. In Wilbraham, the median home price is $350,300, and the property tax rate is relatively high compared to the national median of 0.99%. Homeowners in the area can expect a tax bill ranging from $5,414 at the 25th percentile to $8,120 at the 75th percentile, with some paying as much as $9,932 at the 90th percentile. The highest median tax bill in the area is $6,551, which is consistent across all zip codes in Wilbraham. These property taxes contribute to local services such as schools, infrastructure, and emergency services, directly impacting homeowners' financial planning and overall cost of living.
Average Wilbraham Tax Bill
$6,551
Average Hampden County Tax Bill
$4,101
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilbraham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01095 | $4,482 | $5,414 | $6,551 | $8,120 | $9,932 |
Source: Ownwell