01056 Property Tax Rate

Property owners in ZIP code 01056 (Ludlow, Massachusetts) pay a median of $4,851/year in property taxes on homes valued at $303,900. This translates to an effective tax rate of 1.60%, which is 41% above the Massachusetts state average of 1.13%.

The monthly property tax burden for a median-valued home in 01056 is approximately $404, which factors into escrow payments on mortgages. This ZIP code is located within Hampden County. This is $881 less than the Massachusetts average of $5,732/year.

Compared to similar ZIP codes in Massachusetts, 01056 has higher property taxes. ZIP codes with similar effective rates include 02054 (1.60%) and 01079 (1.60%).

In Ludlow, property taxes represent approximately 6.1% of the median household income of $78,981, providing context for the relative tax burden on homeowners in this area.

Massachusetts Chapter 59 offers senior (65+), veteran, and widow exemptions that can reduce your assessed value by $800–$3,000 depending on income and residency; homeownership by April 1 qualifies you for the current year. File your exemption application with the Hampden County Assessor's office by the April 1 deadline each year to claim relief on your primary residence. Hampden County Assessor will review your income and eligibility—apply immediately after closing to ensure you capture the exemption for your first tax bill.