Huntington, Massachusetts Property Taxes
The median property tax rate in Huntington, MA is 1.71%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Huntington, the typical annual property tax bill reaches $4,198, exceeding the national median of $2,690. Property taxes in Huntington 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 Huntington'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 Huntington 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
Huntington, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$4,210
$3,907
Ownwell’s Huntington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntington 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 Huntington, Massachusetts
Property taxes in Huntington, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntington is 1.71%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Huntington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntington 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 Huntington's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01050 zip code has the highest median property tax rate of 1.71%, while the same zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Huntington 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 Huntington Tax Rate
1.71%
Average Hampshire County Tax Rate
1.63%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01050 | 1.70% | 1.70% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Huntington, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Huntington, MA. 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 Huntington, 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. Huntington has a median home price of $246,200, with the highest median tax bill in zip code 01050 at $4,198. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Huntington, Massachusetts
Source: Ownwell
$189,450
$450,950
$712,450
Average Huntington Assessed Value
$246,200
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 Huntington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01050 | $139,090 | $192,800 | $246,200 | $307,850 | $379,800 |
Source: Ownwell
Property Tax Bills Across Huntington, Massachusetts
In Huntington, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The city applies a property tax rate to this assessed value to calculate the tax bill. Factors that influence the assessed value include the home's market value, size, location, and any improvements made to the property. For homeowners in Huntington, the median home price stands at $246,200. Property tax bills can vary significantly, with those in the 25th percentile paying around $3,288 annually, while those in the 75th percentile see bills of approximately $5,240. For the top 10% of homeowners, tax bills can reach up to $6,475. Comparatively, the national median property tax rate is 0.99%, which highlights how Huntington's property tax rates impact homeowners differently. These taxes fund essential public services, including schools, infrastructure, and emergency services, thereby affecting the overall quality of life in the community.
Average Huntington Tax Bill
$4,198
Average Hampshire County Tax Bill
$5,000
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01050 | $2,372 | $3,288 | $4,198 | $5,240 | $6,475 |
Source: Ownwell