Springfield, MA — income, home value, property tax, and sales tax.
In ZIP code 01085, near Springfield, homes carry a median value of $326,100, and the county-level effective property tax rate of 1.49% translates into roughly $4,859 in annual taxes on such a home. With median household income at $88,728, that tax bill equals about 5.5% of a household's yearly earnings, while per-capita income sits at $42,122. The combined sales tax rate of 6.25% adds further cost to everyday purchases. Together, these figures show how property taxes and sales taxes draw on household budgets alongside the cost of carrying a mortgage in this area.
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