Taxes in Holyoke, Massachusetts
Complete tax guide for Holyoke, MA. State income tax up to 5%, 1.25% property tax, 8.65% sales tax. Calculate your total tax burden.
State Income Tax
5%
Massachusetts
Property Tax
1.25%
Effective rate
Sales Tax
8.65%
Combined rate
Tax Burden
High
Holyoke, MA Tax Overview
Population
40,341
Median Income
$82,500
Cost of Living
131.6 (100 = avg)
State Income Tax
5%
Median Home Price
$588,000
Holyoke Tax Calculator
Pre-filled with Holyoke median: $82,500
Total Tax Burden in Holyoke
$20,200
Take-Home: $62,300 · Effective Rate: 24.49%
Federal Tax
$9,764
11.84% eff.
MA State
$4,125
5.00% eff.
FICA
$6,311
7.65% eff.
Take-Home
$62,300
75.51% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $82,500.00 | $6,875.00 |
| Federal Income Tax | -$9,764.00 | -$813.67 |
| Massachusetts State Tax | -$4,125.00 | -$343.75 |
| Social Security (6.2%) | -$5,115.00 | -$426.25 |
| Medicare (1.45%) | -$1,196.25 | -$99.69 |
| Take-Home Pay | $62,299.75 | $5,191.65 |
Property Tax in Holyoke
Median Home
$588,000
Annual Tax
$7,350
Monthly Tax
$613
Effective Rate
1.25%
Sales Tax in Holyoke
Combined Rate
8.65%
State Portion
~6.2%
Local Portion
~2.5%
The combined sales tax rate in Holyoke is 8.65%, which is above the national average of 7.12%. On a $100 purchase, you would pay $8.65 in sales tax.
Tax Burden Comparison
| Tax Type | Holyoke | Massachusetts Avg | National Avg |
|---|---|---|---|
| Income Tax | 5% | 5% | 4.6% |
| Property Tax | 1.25% | ~1.25% | 1.1% |
| Sales Tax | 8.65% | ~8.65% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Holyoke Residents
- Massachusetts's income tax rate of 5% is competitive. You may still benefit from maximizing 401(k) contributions ($23,500 limit) to reduce your taxable income at both state and federal levels.
- Property tax in Holyoke (1.25%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- The combined sales tax rate of 8.65% is relatively high. Consider making large purchases in lower-tax jurisdictions or online retailers that do not charge local tax rates.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Other Cities in Massachusetts
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See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Holyoke, MA?
Holyoke, Massachusetts has a state income tax rate up to 5%. The property tax rate is 1.25% and the combined sales tax rate is 8.65%.
How much is property tax in Holyoke?
The effective property tax rate in Holyoke is 1.25%. On the median home price of $588,000, this equals approximately $7,350 per year or $613 per month. This is above the national average of 1.1%.
What is the sales tax rate in Holyoke?
The combined sales tax rate in Holyoke is 8.65%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Holyoke's tax burden compare to other cities?
Holyoke has a high overall tax burden. The effective total tax rate for a median-income household is approximately 31.8%. The combination of 5% state income tax, 1.25% property tax, and 8.65% sales tax determines the total burden. Cost of living index is 131.6 (100 = national average).
Are there any local taxes in Holyoke?
Holyoke does not impose a separate local or city income tax. Residents pay the state income tax of 5%, federal income tax, and FICA (Social Security and Medicare).