01038 Property Tax Rate

Property owners in ZIP code 01038 (Hatfield, Massachusetts) pay a median of $4,904/year in property taxes on homes valued at $450,200. This translates to an effective tax rate of 1.09%, which is 4% below the Massachusetts state average of 1.13%.

The monthly property tax burden for a median-valued home in 01038 is approximately $409, which factors into escrow payments on mortgages. This ZIP code is located within Hampshire County. This is $828 less than the Massachusetts average of $5,732/year.

Compared to similar ZIP codes in Massachusetts, 01038 has higher property taxes. ZIP codes with similar effective rates include 01850 (1.09%) and 02066 (1.09%).

In Hatfield, property taxes represent approximately 4.4% of the median household income of $112,083, 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.