Hadley, Massachusetts Property Taxes
The median property tax rate in Hadley, MA is 1.14%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Hadley at $397,400, the typical annual property tax bill reaches $4,526, exceeding the national median of $2,690. Property taxes in Hadley 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 Hadley'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 Hadley 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
Hadley, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$4,530
$4,204
Ownwell’s Hadley Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Hadley. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Hadley to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities and plan accordingly. For those interested in more detailed insights, including neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and takes into account any exemptions you may qualify for.
Property Tax Rates Across Hadley, Massachusetts
Property taxes in Hadley, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hadley is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Hadley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hadley 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 Hadley's effective property tax rate to other areas in Hampshire County and the national median. For comparison, the zip code 01035 has the highest median property tax rate of 1.14%, while the same zip code also holds the lowest median tax rate of 1.14%. Understanding how these figures compare with Hadley 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.
Average Hadley Tax Rate
1.14%
Average Hampshire County Tax Rate
1.63%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hadley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01035 | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Hadley, Massachusetts
In Hadley, 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 Hadley, 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. For instance, the median home price in Hadley is $397,400, with tax bills ranging from $3,833 at the 25th percentile to $7,331 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hadley Assessed Value
$397,400
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 Hadley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01035 | $292,000 | $336,500 | $397,400 | $491,000 | $643,640 |
Source: Ownwell
Property Tax Bills Across Hadley, Massachusetts
In Hadley, part of Hampshire 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 local assessors who evaluate the property's market value, considering factors such as location, size, and condition. This assessed value is then multiplied by the tax rate to determine the annual tax bill. Homeowners in Hadley face varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is approximately $3,833, while the 75th percentile tax bill reaches around $5,592. The 90th percentile tax bill can go up to $7,331, illustrating the range of property tax burdens in the area. Compared to the national median property tax rate of 0.99%, Hadley's tax bills reflect the region's specific property values and tax rates. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Hadley Tax Bill
$4,526
Average Hampshire County Tax Bill
$5,000
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Hadley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01035 | $3,326 | $3,833 | $4,526 | $5,592 | $7,331 |
Source: Ownwell