Tax Burden in ZIP Code 01002
Amherst, MA — Hampshire County
At the median income of $45,000, the estimated total tax burden in ZIP 01002 is $15,583 (34.6% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$6,300
FICA
$3,443
Property Tax
$5,840
Total Tax Burden
$15,583
34.6% effective
Tax Details for ZIP 01002
ZIP code 01002 is located in Hampshire County, MA, within the Springfield MSA metropolitan area. The area has a cost of living index of 108 (100 = national average), close to the national average.
The effective property tax rate is 1.60%. On the median home price of $365,000, this equals $5,840 per year ($487/month).
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