Russell, Hampden County, Massachusetts Property Taxes
Median Russell, MA effective property tax rate: 1.86%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Russell, MA home value: $254,250
Median annual Russell, MA tax bill: $4,729, $2,329 higher than the national median property tax bill of $2,400.
How are property taxes in Hampden calculated?
Property taxes in Russell, 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 Russell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Russell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Russell, Hampden County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.86%
Estimate Property Tax Bill
$4,729
$4,388
Property Tax Rates Across Russell, 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. Below, you can compare Russell’s effective property tax rate to other cities in Massachusetts and the median property tax rates in Massachusetts and the U.S.
Russell in Hampden County reflects a property tax rate of 1.86%, which is significantly higher than the national median of 1.02%. This rate is consistent across the region, with the highest and lowest median tax rates both at 1.86%. This suggests a uniformity in property tax rates within the area. Comparatively, the national median property tax bill is $2,400, which provides a benchmark for understanding the relative tax burden. For residents, understanding these rates is crucial for financial planning and evaluating the cost of property ownership in Russell.
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 Russell Tax Rate
1.86%
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 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 Russell, Hampden County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01071 | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Russell, Hampden County, Massachusetts
When examining property taxes in Russell, Massachusetts, 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 April. 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 Russell.
For example, the median home price in Russell is $254,250, with tax bills ranging significantly across the county. Zip code 01071 has the highest median home price at $254,250.
Property Tax Assessment Values Across Russell, Hampden County, Massachusetts
Source: Ownwell
$59,100
$292,600
$526,100
Median Russell Market Value
$254,250
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 Russell, Hampden County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01071 | $173,960 | $202,425 | $254,250 | $335,125 | $434,867 |
Source: Ownwell
Property Tax Bills Across Russell, Hampden County, Massachusetts
In Russell, located in Hampden County, MA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The town's median home price is $254,250. Compared to the national median property tax bill of $2,400, Russell's tax bills are significantly higher, with the 25th percentile tax bill at $3,766 and the 75th percentile reaching $6,233. The highest and lowest median tax bills in the area both stand at $4,729, a stark contrast to the national figures. These tax rates can be burdensome for homeowners, impacting monthly budgets and overall affordability.
Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners potentially lower their tax bills. This service ensures that homeowners are not overpaying and can make a significant difference in managing annual expenses. With expert guidance, homeowners in Russell can achieve meaningful savings and gain peace of mind regarding their property tax obligations.
Median Russell Tax Bill
$4,729
Median Hampden County Tax Bill
$4,101
Median Massachusetts Tax Bill
$5,844
Median United States Tax Bill
$2,400
Property Tax Bills Across Russell, Hampden County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01071 | $3,235 | $3,766 | $4,729 | $6,233 | $8,089 |
Source: Ownwell