Easthampton, Hampshire County, Massachusetts Property Taxes
The median property tax rate in Easthampton, MA is 1.47%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Easthampton at $247,900, the typical annual property tax bill reaches $3,636, exceeding the national median of $2,690. Property taxes in Easthampton 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 Easthampton'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 Easthampton 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
Easthampton, Hampshire County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$3,644
$3,382
Ownwell’s Easthampton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Easthampton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Easthampton 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 Easthampton, Hampshire County, Massachusetts
Property taxes in Easthampton, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Easthampton is 1.47%, significantly higher than the U.S. national median of 0.99%. Local government entities within Easthampton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Easthampton 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 Easthampton's effective property tax rate to other areas and the national median. For comparison, the zip code 01027 has both the highest and lowest median property tax rate of 1.47%. Understanding how these cities compare with Easthampton provides valuable insights into the varying tax landscape across Hampshire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Easthampton, Hampshire County, Massachusetts
Source: Ownwell
1.14%
1.61%
2.07%
Average Easthampton Tax Rate
1.47%
Average Hampshire County Tax Rate
1.63%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Easthampton, Hampshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01027 | 1.46% | 1.46% | 1.47% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Easthampton, Hampshire County, Massachusetts
In Easthampton, 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 Hampshire 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 Easthampton, 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 Easthampton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 01027 carries the highest and lowest median tax bill at $3,636, reflecting the uniformity in tax assessments across the area.
Property Tax Assessment Values Across Easthampton, Hampshire County, Massachusetts
Source: Ownwell
$189,450
$293,425
$397,400
Average Easthampton Assessed Value
$247,900
Average Hampshire County Assessed Value
$310,200
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Easthampton, Hampshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01027 | $190,450 | $216,700 | $247,900 | $298,000 | $353,750 |
Source: Ownwell
Property Tax Bills Across Easthampton, Hampshire County, Massachusetts
In Easthampton, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's market value, which is periodically evaluated by the local assessor's office. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Easthampton, located in Hampshire County, this means that the tax bill can vary significantly depending on the value of their property. For example, the median home price in Easthampton is $247,900. With tax bills ranging from $3,181 at the 25th percentile to $5,220 at the 90th percentile, homeowners can expect their annual property tax to reflect these values. The highest and lowest median tax bills both stand at $3,636 in the zip code 01027, which is consistent with the local median. These property taxes are essential for funding local services such as schools, police, and infrastructure, directly impacting the quality of life in the community.
Property Tax Bills Across Easthampton, Hampshire County, Massachusetts
Source: Ownwell
$3,454
$5,553
$7,652
Average Easthampton Tax Bill
$3,636
Average Hampshire County Tax Bill
$5,000
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Easthampton, Hampshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01027 | $2,800 | $3,181 | $3,636 | $4,385 | $5,220 |
Source: Ownwell