What is the Property Tax Rate in Massachusetts?

Based on HomeLight’s analysis of publicly available data, the average effective property tax rate for a primary residence in Massachusetts is approximately 1.14% of its estimated value. This is higher than the national average of 0.90%.

For example, with a 1.14% effective tax rate, a homeowner with a $725,000 home might pay around $8,265 in annual property taxes.

An effective property tax rate represents the actual percentage of a property’s market value that a homeowner pays in taxes, considering the assessed value and any exemptions or deductions.

Note: HomeLight’s Massachusetts property tax calculator provides a ballpark estimate for a primary residence using average rates. Your tax can vary based on location and the specific taxing districts (e.g., schools, fire districts, and libraries) that apply to your parcel. For a precise number, contact the assessor’s office in the county where the property is located.

Are There Property Tax Exemptions in Massachusetts?

Homeowners in Massachusetts may qualify for several property tax exemptions that can lower their tax bill. These are offered through the Massachusetts Department of Revenue, depending on your location. Common exemptions include a homestead exemption, which is automatic up to $125,000 for those who qualify, exemptions for veterans, senior citizens, and disabled homeowners. Homeowners who file for homestead protection can receive an exemption up to $1 million.

When Are Massachusetts Property Taxes Due?

Property tax due dates in Massachusetts vary by municipality, but are typically due in installments. Consult your local county or city tax municipality website for more information on due dates in your county.

What Do Property Taxes Pay For in Massachusetts?

Local property taxes in Massachusetts pay for important local services, including:

Public schools
Police, fire, and EMS services
Roads, streets, and traffic signals
Parks, libraries, and community centers
City and county government operations
Infrastructure like water, sewer, and trash services
Repayment of local bond projects (such as transit and school improvements)

What Does It Cost to Buy a Home in Massachusetts?

How Much House Can You Afford?

Affordability in Massachusetts depends on your income, debt, credit score, and mortgage rate. With a median household income of around $106,500 in the Bay State, a buyer might afford a home in the $350,000-$355,000 range using standard debt-to-income guidelines. However, with the Massachusetts median home price coming in at $725,000, many buyers need dual incomes or additional savings to qualify.

Use HomeLight’s Home Affordability Calculator to estimate your budget based on your income, debts, and current rates.

What Down Payment Will You Need in Massachusetts?

According to NerdWallet, the average down payment on a house in Massachusetts is 18.7%. However, down payment amounts vary widely depending on loan type and credit score. While 20% used to be the expected standard, many buyers put down between 5% and 15%, with 3% options available for FHA and some conventional first-time buyer loans.

For a $725,000 home, here’s what your down payment could look like:

3% down = $21,750
5% down = $36,250
10% down = $72,500
15% down = $108,750
20% down = $145,000

Try HomeLight’s Down Payment Calculator to see how different down payments affect your monthly payment and loan size.

How Much Are Closing Costs in Massachusetts?

Buyers in Massachusetts can expect to pay about 2% to 5% of the purchase price in closing costs. These may include:

Loan origination and underwriting fees
Title insurance and escrow fees
Appraisal and inspection costs
Prepaid property taxes and homeowners’ insurance
Filing and recording fees

For a $725,000 home, that means estimated closing costs of $14,500 to $36,250. Use HomeLight’s Closing Costs Calculator to get a personalized estimate based on your expected Massachusetts home purchase price.

How To Find a Trusted Massachusetts Real Estate Agent

An experienced Massachusetts agent can help you understand local tax rates, school districts, and development trends — and guide you toward neighborhoods that fit your lifestyle and budget.

HomeLight’s free Agent Match tool uses data from over 27 million transactions and thousands of verified reviews to match you with top Massachusetts agents based on proven performance. Tell us a little about your buying plans and get matched today with no obligation.

Additional resources when searching for a trusted buyer’s agent in Massachusetts:

Buying and Selling? Consider “Buy Before You Sell”

If you’re buying a new home in Massachusetts but need to sell your current property first, HomeLight’s Buy Before You Sell program can simplify the entire process. This modern solution helps you unlock equity from your current home so you can make a non-contingent offer on your new home — and only move once. Watch the short video below to see how it works.