Holland, Hampden County, Massachusetts Property Taxes

Name: Property Tax Bills Across Holland, Hampden County, Massachusetts
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Holland, MA effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Holland, MA home value: $301,050
Median annual Holland, MA tax bill: $3,940, $1,540 higher than the national median property tax bill of $2,400.

How are property taxes in Hampden calculated?

Property taxes in Holland, MA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Holland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Holland, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Holland, Hampden County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.31%

Estimate Property Tax Bill

$3,944

$3,660

Ownwell’s Holland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Holland with just two data points. By entering your property's estimated assessed value, our calculator applies Holland’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hampden County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Holland, Hampden County, Massachusetts

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Holland, Hampden County, Massachusetts, the effective property tax rate stands out when compared to other cities in Massachusetts and the national median. Massachusetts has a median property tax rate higher than the national median of 1.02%. This rate can significantly impact homeowners' annual property tax bills, making it crucial for property owners to understand how their local tax rates compare. By knowing where Holland's rate stands in relation to others, residents can better assess their property tax obligations and explore potential savings. Understanding these nuances can help homeowners make informed decisions about property tax appeals and exemptions, ultimately leading to potential savings and a better grasp of their financial commitments.

Property Tax Rates Across Holland, Hampden County, Massachusetts

Source: Ownwell

1.31%

1.80%

2.29%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Holland Tax Rate

1.31%

Median Effective Hampden County Tax Rate

1.70%

Median Effective Massachusetts Tax Rate

1.23%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Holland, Hampden County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01521	1.31%	1.31%	1.31%	1.31%	1.31%

Source: Ownwell

Property Tax Assessment Values Across Holland, Hampden County, Massachusetts

When examining property taxes in Holland, MA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hampden County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Hampden County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Holland.

For example, the median home price in Holland is $301,050, with tax bills ranging significantly across the county. 01521 has the highest median home price at $301,050.

Property Tax Assessment Values Across Holland, Hampden County, Massachusetts

Source: Ownwell

$59,100

$292,600

$526,100

Median Holland Market Value

$301,050

Median Hampden County Market Value

$245,200

Median Massachusetts Market Value

$492,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Holland, Hampden County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01521	$179,370	$227,725	$301,050	$384,450	$485,310

Source: Ownwell

Property Tax Bills Across Holland, Hampden County, Massachusetts

In the city of Holland, located in Hampden County, MA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual property tax bill. For homeowners in Holland, the median property tax bill is significantly higher than the national median, with the 25th percentile at $2,981 and the 75th percentile reaching $5,032. These figures illustrate the substantial impact property taxes can have on household budgets. Factors influencing the tax bill include the home's assessed value and any applicable exemptions or deductions. Homeowners may find their tax bills challenging, especially when compared to the national median property tax bill of $2,400. Thankfully, Ownwell can assist homeowners in Holland by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge and local data, Ownwell helps homeowners potentially reduce their tax burdens, ensuring they only pay what is fair and equitable.

Property Tax Bills Across Holland, Hampden County, Massachusetts

Source: Ownwell

$1,008

$5,015

$9,021

Median Holland Tax Bill

$3,940

Median Hampden County Tax Bill

$4,101

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Holland, Hampden County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01521	$2,348	$2,981	$3,940	$5,032	$6,353

Source: Ownwell