![]() ![]() If you're thinking about buying real estate in Massachusetts despite the high property tax bills, or if you're looking into refinancing your mortgage, check out our mortgage rates guide for details on getting mortgages in the state.Ī financial advisor can help you understand how homeownership fits into your overall financial goals. This is above the national average, which is 0.99%. Incorporating all areas, the state's average effective tax rate is 1.12%. Tax rates are set locally by cities and towns in Massachusetts, with total rates generally ranging from 1% to 2% (10 to 20 mills) with a few outliers at 0.33%. In fact, the median annual property tax payment is $5,361. Massachusetts is a rather expensive state when it comes to property tax bills for its residents. Massachusetts Property Taxes Photo credit: ©/peterspiro ![]()
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