Massachusetts variant. This is a Massachusetts-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Massachusetts's effective property tax rate of 1.04% means the owner of a median $605,000 home pays roughly $6,292 per year - a figure that varies widely by state.
How Massachusetts property tax is calculated
Property tax = assessed value × local millage rate. The 1.04% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $605,000 Massachusetts median home, that works out to about $6,292/year or $524/month - often escrowed into your mortgage payment.
About taxes and housing in Massachusetts
Massachusetts applies a flat income tax with an additional surtax on income above one million dollars dedicated to education and transportation.
Massachusetts property taxes are near the national average, but high home values make the dollar amounts among the steepest in the country.
Massachusetts's economy is powered by higher education, biotechnology, healthcare, and finance, anchored by the Greater Boston area.
Worked example: tax on a $605,000 home
$605,000 × 1.04% = $6,292 per year. A $500,000 home in Massachusetts would owe about $5,200 annually at the same effective rate.
Quick reference
- State income tax: Flat 5%, plus 4% surtax over $1M
- State sales tax: 6.25% (plus 0.00% avg local)
- Median home value: $605,000
- Median household income: $96,505
- Effective property tax rate: 1.04%
- Avg auto insurance: $1,389/yr
Frequently Asked Questions
What is the property tax rate in Massachusetts?
Massachusetts's effective property tax rate averages 1.04% of market value per year.
How much property tax on a $605,000 home in Massachusetts?
About $6,292 per year at the 1.04% effective rate.