Tax Burden in ZIP Code 01101
Springfield, MA — Hampden County
At the median income of $42,000, the estimated total tax burden in ZIP 01101 is $11,351 (27.0% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$4,200
FICA
$3,213
Property Tax
$3,938
Total Tax Burden
$11,351
27.0% effective
Tax Details for ZIP 01101
ZIP code 01101 is located in Hampden County, MA, within the Springfield MSA metropolitan area. The area has a cost of living index of 95 (100 = national average), close to the national average.
The effective property tax rate is 1.75%. On the median home price of $225,000, this equals $3,938 per year ($328/month).
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