Chesterfield, Hampshire County, Massachusetts Property Taxes

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

Median Chesterfield, MA effective property tax rate: 1.59%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Chesterfield, MA home value: $275,400
Median annual Chesterfield, MA tax bill: $4,688, $2,288 higher than the national median property tax bill of $2,400.

How are property taxes in Hampshire calculated?

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

Last Updated March 1, 2025

Chesterfield, Hampshire County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.55%

Estimate Property Tax Bill

$5,427

$5,036

Ownwell’s Chesterfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chesterfield with just two data points. By entering your property's estimated assessed value, our calculator applies Chesterfield’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Hampshire 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 Hampshire County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Chesterfield, Hampshire 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 Chesterfield’s effective property tax rate to other cities in Massachusetts and the median property tax rates in Massachusetts and the U.S. Chesterfield, located in Hampshire County, has a median property tax rate of 1.59%, which is significantly higher than the national median rate of 1.02%. This places Chesterfield at the higher end of the spectrum when compared to the national average. Understanding these rates is crucial for property owners looking to manage their expenses effectively. By knowing how local tax rates compare to state and national averages, property owners can make informed decisions regarding property tax appeals and exemptions.

Property Tax Rates Across Chesterfield, Hampshire County, Massachusetts

Source: Ownwell

1.16%

1.62%

2.08%

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 Chesterfield Tax Rate

1.55%

Median Effective Hampshire County Tax Rate

1.42%

Median Effective Massachusetts Tax Rate

1.15%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chesterfield, Hampshire County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01012	1.55%	1.55%	1.55%	1.55%	1.55%

Source: Ownwell

Property Tax Assessment Values Across Chesterfield, Hampshire County, Massachusetts

When examining property taxes in Chesterfield, 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 Hampshire 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 Hampshire County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Chesterfield.

For example, the median home price in Chesterfield is $275,400, with tax bills ranging significantly across the county. Zip code 01012 has the highest median home price at $275,400.

Property Tax Assessment Values Across Chesterfield, Hampshire County, Massachusetts

Source: Ownwell

$235,200

$566,150

$897,100

Median Chesterfield Market Value

$350,150

Median Hampshire County Market Value

$378,200

Median Massachusetts Market Value

$561,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chesterfield, Hampshire County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01012	$185,540	$265,200	$350,150	$434,900	$544,860

Source: Ownwell

Property Tax Bills Across Chesterfield, Hampshire County, Massachusetts

In Chesterfield, Massachusetts, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this area is $275,400. Homeowners in Chesterfield face property tax bills that can vary significantly, with the 25th percentile at $3,494 and the 75th percentile reaching $6,034. A key factor influencing these bills is the assessed value of the property, which can fluctuate based on the local real estate market and improvements made to the property. Compared to the national median property tax bill of $2,400, Chesterfield's median tax bill is notably higher, reflecting the region's property values and tax rates.

Ownwell can assist homeowners in Chesterfield by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax burdens. This service ensures that property taxes are fair and accurate, offering significant savings and peace of mind for homeowners. Through professional guidance, Ownwell empowers property owners to manage their tax liabilities effectively.

Property Tax Bills Across Chesterfield, Hampshire County, Massachusetts

Source: Ownwell

$4,008

$8,253

$12,497

Median Chesterfield Tax Bill

$5,434

Median Hampshire County Tax Bill

$5,091

Median Massachusetts Tax Bill

$6,068

Median United States Tax Bill

$2,400

Property Tax Bills Across Chesterfield, Hampshire County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01012	$2,880	$4,116	$5,434	$6,750	$8,456

Source: Ownwell