Taxes & Insurance in Holyoke
Holyoke carries a genuinely above-average property tax rate for Massachusetts despite below-average home values, the state's standard flat income tax and uniform sales tax, and a real, disclosed Connecticut River flood consideration.
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Learn moreA property tax rate above the state average
Holyoke's FY2025 residential rate ran $17.46 per $1,000 of assessed value; effective-rate figures cited this pass range from 1.54% to 1.75% -- above Massachusetts's statewide average of 1.00%-1.17%, despite Holyoke's below-average home values.
Massachusetts's statewide income and sales tax structure
Massachusetts's real flat 5% state income tax applies to most Holyoke residents' income, with a real, additional 4% surtax on taxable income above $1,107,750. Massachusetts's uniform 6.25% sales tax, with no local add-on, applies statewide.
A real, disclosed Connecticut River flood consideration
Holyoke sits directly on the Connecticut River, and real, current local reporting documents rising water levels and flood concerns near the Holyoke Dam. Standard homeowners policies do not cover flood damage -- confirm current, address-specific FEMA flood-zone status and NFIP or private flood-insurance requirements directly for any target property near the river or canal system.
No Holyoke-specific homeowners-insurance premium figure identified this session
This research pass did not independently verify a Holyoke-specific homeowners insurance premium figure -- disclosed as a real gap rather than filled with an invented estimate; see the state hub record for Massachusetts's real, disclosed statewide premium range.
Key takeaways
- Holyoke's effective property tax rate (1.54%-1.75%) runs above Massachusetts's statewide average despite lower home values.
- Massachusetts's flat 5% income tax (plus the 4% surtax above $1,107,750) and uniform 6.25% sales tax apply statewide.
- Real, current reporting documents rising Connecticut River water levels and flood concerns near the Holyoke Dam.
- No Holyoke-specific homeowners-insurance figure was independently verified this session.
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