South Hadley, Massachusetts Property Taxes
The median property tax rate in South Hadley, MA is 1.76%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in South Hadley at $278,300, the typical annual property tax bill reaches $4,898, exceeding the national median of $2,690. Property taxes in South Hadley are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding South 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 South 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
South Hadley, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s South Hadley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Hadley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Hadley 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 South Hadley, Massachusetts
Property taxes in South 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 South Hadley is 1.76%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within South Hadley set these rates annually, and they can vary across different neighborhoods. Each year, South 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 South Hadley's effective property tax rate to other areas in Hampshire County and the national median. For comparison, the zip code 01075 has the highest median property tax rate of 1.76%, while the same zip code also has the lowest median tax rate of 1.76%. Understanding how these rates compare with South 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 South Hadley Tax Rate
1.76%
Average Hampshire County Tax Rate
1.63%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Hadley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01075 | 1.75% | 1.75% | 1.76% | 1.76% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across South Hadley, Massachusetts
In South 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 South 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. Being aware of these valuation processes in South Hadley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4,898 in the 01075 zip code.
Property Tax Assessment Values Across South Hadley, Massachusetts
Source: Ownwell
$189,450
$450,950
$712,450
Average South Hadley Assessed Value
$278,300
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 South Hadley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01075 | $196,540 | $235,800 | $278,300 | $368,800 | $492,360 |
Source: Ownwell
Property Tax Bills Across South Hadley, Massachusetts
In South Hadley, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in South Hadley is $278,300, which contributes to the overall tax calculation. Various factors such as property size, location, and market conditions influence the assessed value. Homeowners in South Hadley can expect to pay a significant amount in property taxes, with the 25th percentile tax bill at $4,142 and the 75th percentile tax bill reaching $6,502. For those in the 90th percentile, the tax bill can be as high as $8,668. The median tax bill in the 01075 zip code is $4,898, which is considerably higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community and homeowners.
Average South Hadley Tax Bill
$4,898
Average Hampshire County Tax Bill
$5,000
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across South Hadley, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01075 | $3,455 | $4,142 | $4,898 | $6,502 | $8,668 |
Source: Ownwell