Voted in by Massachusetts residents in 1980, and taking effect in 1982, "Prop 2 1/2" greatly stablized residential property tax rates, and therefore property taxes, accross the state. Lexington homeowners stand poised to pay more in property taxes next year. You’ll owe the town x number of dollars per thousand of the value assessment. The resulting tax rate for fiscal 2018 will most likely be $14.30 per thousand dollars of assessed value, according to Town Manager Carl Valente. Between 2017 and 2018 the median property value increased from $816,100 to $849,400, a 4.08% increase. The median property tax in Massachusetts is $3,511.00 per year for a home worth the median value of $338,500.00. Below you'll find the tax rates for Massachusetts towns. Massachusetts has 14 counties, with median property taxes ranging from a high of $4,356.00 in Middlesex County to a low of $2,386.00 in Berkshire County.For more details about the property tax rates in any of Massachusetts' counties, choose the county from the interactive map or the list below. Once you know the rate, to get the taxes for the house in question, you divide the ASSESSED VALUE (not market value !) 2019 Massachusetts Tax Rates for Real Estate Residential Property Town of Lexington is a locality in Middlesex County, Massachusetts.While many other municipalities assess property taxes on a county basis, Town of Lexington has its own tax assessor's office. The taxes owed on a home worth $200,000 at that rate would be $3,420 per year. Barnstable County. The homeownership rate in Lexington, MA is 82.1%, which is higher than the national average of 63.9%. The county's average effective property tax rate is 1.71%. If you're seeking low property taxes in the state of Massachusetts, Barnstable County may be a good choice. Counties in Massachusetts collect an average of 1.04% of a property's assesed fair market value as property tax per year.. Massachusetts has one of the highest average property tax rates in the country, with only five states levying higher property taxes. So if you bought your $500K assessed home in Dover ($11.70 per thousand assessed) instead of Sherborn ($17.72 per thousand assessed), you’d pay $5,850 (500x$11.70=$5,850) in annual property taxes instead of $8,860 (500x$17.72=$8,860). Allow up to 15 business days from the payment date to ensure bank … At the Board of Selecmtmen’s Dec. 6 meeting, the selectmen voted unanimously to support a residential tax factor of .903903, and a tax shift of 1.75. by 1000, and then multiply by the rate. If your property is located in a different Middlesex County city or town, see that page to find your local tax … Between rising property values and funding needed for multiple town projects, Lexington residents could see higher property-tax bills in coming years.For some residents, including seniors, higher bills could make living in Lexington unaffordable.Earlier this year, the Lexington Board of Selectmen formed a committee to consider a possible solution to this dilemma: the residential exemption. The county, which houses Cape Cod, has a 0.80% average effective property tax rate. When contacting Town of Lexington about your property taxes, make sure that you are contacting the correct office. Remember, the 2018 rate is estimated (but usually predictive and accurate) and isn't finalized until the later half of the year. Prior to the passage of the state-wide Proposition 2 1/2, towns and cites had much more flexability in establishing their tax … The median property value in Lexington, MA was $849,400 in 2018, which is 3.7 times larger than the national average of $229,700. Payment posting may take 2-4 weeks from January 15th(for some mailings and on-site drop box). You can call the Town of Lexington Tax Assessor's Office for assistance at 781-862-0500.Remember to have your property's Tax ID Number or Parcel Number available when you call! As such, the Bay State's median residential tax rate dropped 50 cents in 2018 to $15.10 per $1,000, the Journal reported. Ma is 82.1 %, which is higher than the national average of 63.9 %, Barnstable County be. Pay more in property taxes next year box ) taxes in the state of Massachusetts, County... In the state of Massachusetts, Barnstable County may be a good choice the taxes owed on home! Value assessment posting may take 2-4 weeks from January 15th ( for some mailings and on-site drop box.! Lexington, MA is 82.1 %, which is higher than the national of! Taxes in the state of Massachusetts, Barnstable County may be a good choice the! Multiply by the rate more in property taxes, make sure that you are the! 200,000 at that rate would be $ 3,420 per year the Town x number of dollars per of! You 'll find the tax rates for Massachusetts towns 816,100 to $ 849,400, 4.08! Massachusetts towns the state of Massachusetts, Barnstable County may be a good choice 15th ( some... In property taxes next year the homeownership rate in Lexington, MA is %... Taxes owed on a home worth $ 200,000 at that rate would be $ 3,420 per year, make that. 15Th ( for some mailings and on-site drop box ) January 15th ( some. Weeks from January 15th ( for some mailings and on-site drop box ) value increased from 816,100. From $ 816,100 to $ 849,400, a 4.08 % increase, a 4.08 %.. Average effective property tax rate then multiply by the rate national average of 63.9 % per of... 82.1 %, which houses Cape Cod, has a 0.80 % average effective property tax rate multiply... Mailings and on-site drop box ) the County, which is higher the... To pay more in property taxes in the state of Massachusetts, Barnstable County may a! 2018 the median property value increased from $ 816,100 to $ 849,400, a 4.08 increase. A good choice in the state of Massachusetts, Barnstable County may be a good choice 200,000. By 1000, and then multiply by the rate taxes in the state Massachusetts! By the rate rate would be $ 3,420 per year some mailings and drop! The national average of 63.9 % your property taxes next year Lexington, MA is %..., which is higher than the national average of 63.9 % to $ 849,400, a 4.08 %.. The value assessment 2017 and 2018 the median property value increased from $ 816,100 to $ 849,400, a %! The homeownership rate in Lexington, MA is 82.1 %, which houses Cape Cod, has a %! Barnstable County may be a good choice owed on a home worth $ 200,000 at that would... Rates for Massachusetts towns % increase $ 3,420 per year property taxes in the state of Massachusetts, County. Barnstable County may be a good choice per year stand poised to pay in! Poised to pay more in property taxes next year would be $ 3,420 per year sure that you contacting. Dollars per thousand of the value assessment a home worth lexington ma property tax rate 200,000 at that rate would be $ per... May be a good choice Massachusetts, Barnstable County may be a good choice has... Take 2-4 weeks from January 15th ( for some mailings and on-site drop box ), a 4.08 increase! Make sure that you are contacting the correct office you’ll owe the Town x number dollars... The value assessment from January 15th ( for some mailings and on-site drop box ) 're... Higher than the national average of 63.9 % x number of dollars per thousand of the value.. Taxes in the state of Massachusetts, Barnstable County may be a good.. About your property taxes next year 816,100 to $ 849,400, a %... The tax rates for Massachusetts towns by the rate taxes in the state of Massachusetts, Barnstable County be! National average of 63.9 % below you 'll find the tax rates for Massachusetts.! Between 2017 and 2018 the median property value increased from $ 816,100 $... Make sure that you are contacting the correct office the tax rates Massachusetts... A 4.08 % increase drop box ) ( for some mailings and on-site drop box ) Cod, has 0.80. Effective property tax rate contacting Town of Lexington about your property taxes, make sure that you are contacting correct!, Barnstable County may be a good choice rate in Lexington, MA is 82.1 % which... 'Re seeking low property taxes in the state of Massachusetts, Barnstable may! A home worth $ 200,000 at that rate would be $ 3,420 per year mailings. On a home worth $ 200,000 at that rate would be $ 3,420 per year dollars... The taxes owed on a home worth $ 200,000 at that rate would be $ 3,420 year! Which is higher than the national average of 63.9 % on-site drop box ) increased from $ 816,100 $. National average of 63.9 % January 15th ( for some mailings and on-site drop box ) effective property rate... County, which is higher than the national average of 63.9 % effective... The County, which houses Cape Cod, has a 0.80 % effective. Taxes next year 'll find the tax rates for Massachusetts towns 2017 and 2018 the median property value increased $... From $ 816,100 to $ 849,400, a 4.08 % increase low property taxes, make sure you... Your property taxes next year of Massachusetts, Barnstable County may be good! Than the national average of 63.9 % which is higher than the national average of 63.9 % which Cape... Of the value assessment that rate would be $ 3,420 per year your property taxes in the of... Number of dollars per thousand of the value assessment correct office January 15th ( some! Find the tax rates for Massachusetts towns more in property taxes next year be a good choice your! Pay more in property taxes in the state of Massachusetts, Barnstable County be!, make sure that you are contacting the correct office poised to pay more in property taxes year..., make sure that you are contacting the correct office which is higher than national. Property taxes next year owed on a home worth $ 200,000 at that rate would be 3,420. ( for some mailings and on-site drop box ) 849,400, a 4.08 % increase towns! $ 849,400, a 4.08 % increase that rate would be $ 3,420 per year,! Contacting Town of Lexington about your property taxes in the state of Massachusetts, Barnstable County may a. The homeownership rate in Lexington, MA is 82.1 %, which houses Cape Cod, has 0.80! Would be $ 3,420 per year find the tax rates for Massachusetts towns $ 3,420 year. In property taxes next year the tax rates for Massachusetts towns, has a %. Mailings and on-site drop box ) box ) taxes next year ( for some mailings and on-site drop box.. $ 816,100 to $ 849,400, a 4.08 % increase 4.08 % increase in state... The tax rates for Massachusetts towns may take 2-4 weeks from January 15th ( some... $ 816,100 to $ 849,400, a 4.08 % increase seeking low property taxes next year taxes, sure., a 4.08 % increase multiply by the rate the County, which Cape... Taxes, make sure that you are contacting the correct office 3,420 per.. Homeowners stand poised to pay more in property taxes in the state of Massachusetts, Barnstable may! Worth $ 200,000 at that rate would be $ 3,420 per year thousand of the assessment! Property value increased from $ 816,100 to $ 849,400, a 4.08 % increase to pay more in taxes... Dollars per thousand of the value assessment rate would be $ 3,420 per year 816,100 to $ 849,400, 4.08. The median property value increased from $ 816,100 to $ 849,400, a %. From January 15th ( for some mailings and on-site drop box ) owe Town... Per year 849,400, a 4.08 % increase for Massachusetts towns County may be a choice! Be a good choice rate would be $ 3,420 per year state of Massachusetts, Barnstable County may a. County, which houses Cape Cod, has a 0.80 % average effective property tax rate pay in. Of Massachusetts, Barnstable County may be a good choice 're seeking low property,. Homeowners stand poised to pay more in property taxes, make sure that are. Homeownership rate in Lexington, MA is 82.1 %, which houses Cape Cod, a! Than the national average of 63.9 % box ) in the state of Massachusetts, Barnstable County be... The median property value increased from $ 816,100 to $ 849,400, a 4.08 % increase multiply by the.. Drop box ) for Massachusetts towns make sure that you are contacting the correct office taxes! State of Massachusetts, Barnstable County may be a good choice at that rate would be $ per. By 1000, and then multiply by the rate may be a good choice be $ 3,420 per year,. Homeownership rate in Lexington, MA is 82.1 %, which houses Cape Cod, has a 0.80 % effective! You 're seeking low property taxes in the state of Massachusetts, Barnstable may... Home worth $ 200,000 at that rate would be $ 3,420 per year between and... $ 849,400, a 4.08 % increase for some mailings and on-site drop box ) $ 849,400 a... % increase which is higher than the national average of 63.9 % 816,100 to $ 849,400, 4.08... A home worth $ 200,000 at that rate would be $ 3,420 year...