Massachusetts (MA) property tax rate: 1.14% | Median home: $585,000 | Median annual tax: $6,669
Massachusetts is a world-class education and innovation hub in New England. The average effective property tax rate in Massachusetts is 1.14%, which is above the national average of 1.1%.
On the median Massachusetts home valued at $585,000, annual property taxes come to approximately $6,669 or $556/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Massachusetts limits the property tax levy to 2.5% growth per year (Proposition 2.5).
Combined with Massachusetts's state income tax rate of 5%, homeowners should consider the total tax picture. Property taxes in Massachusetts are manageable and in line with regional averages.
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Massachusetts has an average effective property tax rate of 1.14%. On the median home value of $585,000, that equals approximately $6,669 per year or $556 per month.
Property taxes in Massachusetts are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Massachusetts limits the property tax levy to 2.5% growth per year (Proposition 2.5).
Massachusetts property taxes are near the national average of 1.1%. This means property tax costs are predictable and in line with most states.
Property tax due dates vary by county in Massachusetts. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.