Below find an interactive map of Massachusetts tax rates by towns created by Kurt Rosenfeld, including information on residential exemption. Some of the highest real estate taxes, per $1,000 in assessed value, are in Longmeadow at $23.58, Wilbraham at $22, and Maynard at $22.
Lowest real estate taxes are paid in Hancock (Berkshire County) at $2.94 and Chatham at $5.03.
Remember, the tax rate is calculated per thousand dollars of assessed value. Even though Brookline’s real estate taxes seems fairly low for Massachusetts at $9.88, the high property value accounts for the sizable tax liability homeowners pay. But Brookline, along with a handful of other towns, has a residential exemption.
A residential exemption allows homeonwers to pay less taxes than real estate investors. The exemption is a reduction in the assessed value of the home. In Brookline the residential exemption saves homeowners nearly $2,300 for fiscal year 2017. In Boston, homeowners save $2,435 this year, and in Cambridge $2,046.
For an interactive version of the map, click on it.
Massachusetts Real Estate Tax Rates