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Dan Eisenberg, Real Estate Pro in 60654

MA/Boston Real Estate Taxes

Asked by Dan Eisenberg, 60654 Fri Jun 8, 2012

I'm planning a move from Chicago, where real estate taxes are assessed by county and paid to the county. Who handles/assesses Massachusetts real estate taxes? It seems to be town by town?

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Kevin Mcdermott’s answer
Hi Dan,

Boston Business Journal has a list of 2011 municipal tax rates that might be helpful. You can find it by searching 'Massachusetts real estate tax rates' on Google. I think in most cases rates have gone up slightly this year, but it'll give you a fair idea. The average rate is about $13-$15 per thousand of assessed value, but can go up to about $20 in towns like Wayland which have a very small commercial tax base. As mentioned before, some towns like Cambridge, Somerville and Boston have a residential exemption that is deducted from your tax bill if you live in the property- the full amount is paid only on rental properties.

Good luck with your move!
0 votes Thank Flag Link Fri Jun 8, 2012
I wrote a post about this on my site. You can check it out here....> http://www.hotbostonproperties.com/posts/boston-real-estate-…
0 votes Thank Flag Link Mon Nov 12, 2012
Boston has its own tax rate. The residential tax rate now is around $12.88 per thousand of assessed value.
Assessed values and property values are not always the same.
Boston also allows a $1500.00 residential tax exemption, if you live in the property.
0 votes Thank Flag Link Fri Jun 8, 2012
Yes, town by town. Rates can be very different. Always important to consider when making a purchase. Please feel free to contact me at jamesfurlong20@gmail.com or 617-620-0669. Would love to help you through your move and purchase. I have been working in the Greater Boston real estate market for over 15 years, know all the neighborhoods well.
0 votes Thank Flag Link Fri Jun 8, 2012
each town assesses and handles its own property taxes. Some have residential exemptions, some do not.
0 votes Thank Flag Link Fri Jun 8, 2012
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