01002 Property Tax Rate

Property owners in ZIP code 01002 (Amherst, Massachusetts) pay a median of $8,486/year in property taxes on homes valued at $449,000. This translates to an effective tax rate of 1.89%, which is 67% above the Massachusetts state average of 1.13%.

The monthly property tax burden for a median-valued home in 01002 is approximately $707, which factors into escrow payments on mortgages. This ZIP code is located within Hampshire County. This is $2,754 more than the Massachusetts average of $5,732/year.

Compared to similar ZIP codes in Massachusetts, 01002 has lower property taxes. ZIP codes with similar effective rates include 01072 (1.91%) and 01347 (1.92%).

In Amherst, property taxes represent approximately 12.2% of the median household income of $69,411, providing context for the relative tax burden on homeowners in this area.

Massachusetts Chapter 59 exemptions for seniors, veterans, and surviving spouses can reduce your assessed value by hundreds to thousands annually on your primary residence. File your exemption claim with the Hampshire County Assessor by April 1 each year to secure relief; homeowners who own and occupy the property by April 1 qualify for that year's tax bill. Hampshire County Assessor's office requires proof of residency and age/military service—apply before year-end of your purchase year to lock in the next tax cycle benefit.