Tuesday, October 27, 2020

The Highest and Lowest Residential Tax Rates in Massachusetts



Alex Anninos is a Realtor and a partner with Atlantic Coast Homes in Salem, Massachusetts. A multi-award-winning real estate professional, Alex Anninos helps his clients buy and sell residential properties, guiding them through issues like sale agreements and taxes.

Massachusetts' residential property tax rates were down on average in 2020, according to The Patch. Drawing on data from the Department of Revenue’s Division of Local Services as of January 7, 2020, the publication found that the median residential tax rate for 344 communities evaluated was $15.27 per $1,000 of a property’s assessed value. In 2019, the median residential tax rate stood at $15.48 per $1,000 in value while in 2018, it was $15.10.

Of the 344 communities, the lowest residential tax rate was in Hancock with $2.78. It was followed by Chilmark ($2.86), Edgartown ($3.35), Nantucket ($3.45), and Chatham ($4.82). On the flip side, the towns with the highest residential tax rates were Longmeadow ($24.21), Shutesbury ($24.04), and Greenfield ($22.93). The residential tax rate in Boston was $10.56 and in Salem $14.45. 

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