MA Tax Rates

Property Taxes in Massachusetts

Property taxes, also known as real estate taxes, are taxes that are based on the value of real property (real estate). The taxes are collected by local governments, including cities and towns, and are used to fund a variety of public services, such as schools, roads, and public safety.

In Massachusetts, property taxes are based on the assessed value of the property, which is determined by the local assessor's office. The assessed value is typically based on the fair market value of the property, but may also take into account factors such as the size of the lot, the age and condition of the property, and any improvements made to the property. The assessed value often lags behind the market value, so don’t be surprised to see that the assessed value is lower than what you are paying for a home or what your agent tells you it’s worth. For more information on all the different types of value, checkout this article about List, Sale & Appraisal Price. If you assessed value is much higher than the current market value, you should consult a real estate agent to see if they offer services to help you negotiate that down with the town assessor.

The tax rate for each property is set by the local government

It may vary from town to town. It is worth noting that property tax rates in Massachusetts can be relatively high compared to other states in the United States. However, the state also offers a variety of exemptions and tax relief programs for eligible homeowners, such as the residential exemption, owner occupant exemptions (in towns like Somerville, Malden and Boston) and the senior citizen and disabled citizen discounts.

If you own property in Massachusetts, it is important to understand how property taxes are assessed and how they impact your finances. You can contact your local assessor's office or consult with a tax professional for more information on MA property taxes.

Property taxes can greatly affect your monthly mortgage payment since they are bundled with the principal and interest you’re paying on a loan. Consider carefully which towns you are searching in; a town with significantly higher taxes could quickly impact how much you can afford to be pre-approved for and borrow.

The best thing to do is consult your realtor and their trusted mortgage lender. If you’d like more info on the process of buying a home, checkout my free guide here.

The tax rate is charged based on every $1,000 of assessed value. To provide an idea of the cost, I've calculated how much the property taxes would be on a residential home valued at $500,000 for each of the towns of MA in 2023.

Here's a chart of the tax rates of all the towns of Eastern Massachusetts in Essex County, Middlesex County, Norfolk County & Suffolk County.

TownTax RatePer $500,000
Maynard$18.97$9,485
Sharon$18.59$9,295
Stow$18.13$9,065
Sherborn$18.01$9,005
Acton$17.56$8,780
Millis$17.49$8,745
Wenham$17.35$8,675
Wayland$16.65$8,325
Ashby$16.42$8,210
Norfolk$16.41$8,205
Amesbury$16.34$8,170
Hamilton$16.34$8,170
Littleton$16.25$8,125
Medway$15.94$7,970
Hopkinton$15.81$7,905
Sudbury$15.77$7,885
Groton$15.64$7,820
Boxborough$15.52$7,760
Medfield$15.43$7,715
Holliston$15.40$7,700
Holbrook$15.38$7,690
Townsend$15.26$7,630
Topsfield$15.20$7,600
Pepperell$15.14$7,570
Dunstable$14.97$7,485
Merrimac$14.77$7,385
Westford$14.76$7,380
Hudson$14.60$7,300
Chelmsford$14.37$7,185
Westwood$14.30$7,150
Foxborough$14.21$7,105
Shirley$14.18$7,090
Carlisle$14.15$7,075
Tyngsborough$14.14$7,070
Tewksbury$14.10$7,050
North Reading$13.99$6,995
Lincoln$13.92$6,960
Walpole$13.89$6,945
Essex$13.88$6,940
Boxford$13.84$6,920
Ashland$13.77$6,885
Andover$13.66$6,830
Avon$13.62$6,810
Watertown$13.58$6,790
Stoughton$13.55$6,775
Groveland$13.13$6,565
Framingham$13.09$6,545
Bellingham$13.05$6,525
Needham$13.04$6,520
Rowley$13.02$6,510
Lexington$13.00$6,500
Georgetown$12.98$6,490
Concord$12.96$6,480
Middleton$12.87$6,435
Dedham$12.84$6,420
Natick$12.64$6,320
Wrentham$12.62$6,310
Reading$12.59$6,295
Franklin$12.58$6,290
Salem$12.51$6,255
Bedford$12.48$6,240
Plainville$12.48$6,240
Ayer$12.42$6,210
Lowell$12.42$6,210
Chelsea$12.38$6,190
North Andover$12.24$6,120
Ipswich$12.23$6,115
Dover$12.19$6,095
Malden$12.19$6,095
Randolph$12.08$6,040
Wilmington$11.94$5,970
Billerica$11.87$5,935
Weston$11.84$5,920
Cohasset$11.80$5,900
Winchester$11.80$5,900
Everett$11.78$5,890
Danvers$11.75$5,875
Swampscott$11.74$5,870
Wakefield$11.73$5,865
Methuen$11.70$5,850
Dracut$11.58$5,790
Marlborough$11.54$5,770
Wellesley$11.45$5,725
Milton$11.40$5,700
Lynnfield$11.30$5,650
Beverly$11.26$5,630
Saugus$11.26$5,630
Belmont$11.24$5,620
Arlington$11.21$5,605
Haverhill$11.15$5,575
Lynn$11.15$5,575
Quincy$11.13$5,565
Stoneham$11.10$5,550
West Newbury$11.03$5,515
Salisbury$10.80$5,400
Boston$10.74$5,370
Newburyport$10.74$5,370
Winthrop$10.70$5,350
Gloucester$10.59$5,295
Canton$10.57$5,285
Weymouth$10.45$5,225
Melrose$10.42$5,210
Somerville$10.34$5,170
Norwood$10.32$5,160
Waltham$10.32$5,160
Newton$10.18$5,090
Lawrence$10.16$5,080
Marblehead$10.00$5,000
Brookline$9.97$4,985
Braintree$9.76$4,880
Peabody$9.52$4,760
Revere$9.51$4,755
Rockport$9.43$4,715
Burlington$9.40$4,700
Nahant$9.09$4,545
Woburn$8.70$4,350
Newbury$8.67$4,335
Medford$8.65$4,325
Cambridge$5.86$2,930

Data from: https://www.mass.gov/lists/property-tax-data-and-statistics