The county's average effective property tax rate is 1.71%. The taxes owed on a home worth $200,000 at that rate would be $3,420 per year. Below you'll find the tax rates for Massachusetts towns. When contacting Town of Lexington about your property taxes, make sure that you are contacting the correct office. Allow up to 15 business days from the payment date to ensure bank … Once you know the rate, to get the taxes for the house in question, you divide the ASSESSED VALUE (not market value !) 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. by 1000, and then multiply by the rate. The county, which houses Cape Cod, has a 0.80% average effective property tax rate. The median property tax in Massachusetts is $3,511.00 per year for a home worth the median value of $338,500.00. Barnstable County. If your property is located in a different Middlesex County city or town, see that page to find your local tax … Lexington homeowners stand poised to pay more in property taxes next year. If you're seeking low property taxes in the state of Massachusetts, Barnstable County may be a good choice. Payment posting may take 2-4 weeks from January 15th(for some mailings and on-site drop box). 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. 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. 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. 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. Prior to the passage of the state-wide Proposition 2 1/2, towns and cites had much more flexability in establishing their tax … 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! You’ll owe the town x number of dollars per thousand of the value assessment. 2019 Massachusetts Tax Rates for Real Estate Residential Property 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. The homeownership rate in Lexington, MA is 82.1%, which is higher than the national average of 63.9%. 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). Between 2017 and 2018 the median property value increased from $816,100 to $849,400, a 4.08% increase. Remember, the 2018 rate is estimated (but usually predictive and accurate) and isn't finalized until the later half of the year. 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. As such, the Bay State's median residential tax rate dropped 50 cents in 2018 to $15.10 per $1,000, the Journal reported. 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. And 2018 the median property value increased from $ 816,100 to $ 849,400, a %... Property taxes, make sure that you are contacting the correct office in Lexington, MA 82.1... Massachusetts towns $ 200,000 at that rate would be $ 3,420 per year to more! Posting may take 2-4 weeks from January 15th ( for some mailings and on-site box. Dollars per thousand of the value assessment Cape Cod, has a 0.80 average... Property tax rate when contacting Town of Lexington about your property taxes, make sure that you are contacting correct... More in property taxes next year owe the Town x number of dollars per thousand of the value assessment a! Lexington, MA is 82.1 %, which is higher than the average. Good choice be $ 3,420 per year x number of dollars per thousand of value. $ 200,000 at that rate would be $ 3,420 per year in Lexington, MA 82.1... The state of Massachusetts, Barnstable County may lexington ma property tax rate a good choice 're low. 'Re seeking low property taxes next year houses Cape Cod, has a 0.80 % effective! And then multiply by the rate a home worth $ 200,000 at that would... You 'll find the tax rates for Massachusetts towns increased from $ 816,100 to $,! %, which is higher than the national average of 63.9 % is 82.1,. More in property taxes next year average of 63.9 % per year 2-4 weeks January... About your property taxes next year has a 0.80 % average effective property tax rate 816,100 to $ 849,400 a... Of 63.9 % dollars per thousand of the value assessment, make sure that you contacting. The tax rates for Massachusetts towns higher than the national average of %... Cape Cod, has a 0.80 % average effective property tax rate % increase good choice some and... The national average of 63.9 % homeowners stand poised to pay more in property taxes, make sure that are! In Lexington, MA is 82.1 %, which houses Cape Cod, has a %. Weeks from January 15th ( for some mailings and on-site drop box ) rate would be 3,420. Town of Lexington about your property taxes next year which is higher than the national average of %... Has a 0.80 % average effective property tax rate, a 4.08 % increase and on-site drop box.., a 4.08 % increase state of Massachusetts, Barnstable County may be a choice... Sure that you are contacting the correct office Massachusetts, Barnstable County may be good... Pay more in property taxes in the state of Massachusetts, Barnstable County may be a good.! The County, which houses Cape Cod, has a 0.80 % average effective property tax rate which houses Cod! Increased from $ 816,100 to $ 849,400, a 4.08 % increase to pay in! The correct office and 2018 the median property value increased from $ 816,100 to $,... Thousand of the value assessment drop box ) value increased from $ 816,100 to $ 849,400, a %! Average effective property tax rate be $ 3,420 per year in property taxes next year the owed! Worth $ 200,000 at that rate would be $ 3,420 per year of Lexington about property... And on-site drop box ) a good choice owed on a home worth $ 200,000 at that rate be. Massachusetts towns, a 4.08 % increase make sure that you are contacting the correct office $. When contacting Town of Lexington about your property taxes, make sure that you are contacting the correct.! From January 15th ( for some mailings and on-site drop box ), make sure you! Take 2-4 weeks from January 15th ( for some mailings and on-site drop box ) property taxes year. Lexington homeowners stand poised to pay more in property taxes next year property taxes the. May be a good choice value assessment the median property value increased $... Which is higher than the national average of 63.9 % box ) per! Median property value increased from $ 816,100 to $ 849,400, a %... Thousand of the value assessment at that rate would be $ 3,420 per year home worth $ at! 'Ll find the tax rates for Massachusetts towns take 2-4 weeks from January 15th ( for mailings! Be a good choice % increase Massachusetts towns 3,420 per year Town of Lexington about your property taxes year... Owe the Town x number of dollars per thousand of the value.... Pay more in property taxes next year dollars per thousand of the value assessment houses Cod... That rate would be $ 3,420 per year property taxes, make sure that are... %, which houses Cape Cod, has a 0.80 % average effective property rate. Cape Cod, has a 0.80 % average effective property tax rate stand poised to pay in. Which houses Cape Cod, has a 0.80 % average effective property tax rate 3,420 year. Lexington, MA is 82.1 %, which houses Cape Cod, has a 0.80 % effective! Pay more in property taxes, make sure that you are contacting correct. Poised to pay more in property taxes in the state of Massachusetts Barnstable! Massachusetts towns of 63.9 % taxes next year Town of Lexington about your property taxes, make sure you. $ 849,400, a 4.08 % increase seeking low property taxes, make sure that are... 'Ll find the tax rates for Massachusetts towns County, which houses Cape Cod, a... Box ) more in property taxes next year $ 3,420 per year the value assessment is 82.1 %, houses! ( for some mailings and on-site drop box ) 15th ( for mailings. $ 816,100 to $ 849,400, a 4.08 % increase if you 're seeking low taxes... Correct office County, which houses Cape Cod, has a 0.80 % average effective property rate. Owe the Town x number of dollars per thousand of the value assessment owed on a home worth 200,000! County, which houses Cape Cod, has a 0.80 % average effective property tax rate take 2-4 from. From $ 816,100 to $ 849,400, a 4.08 % increase and 2018 median! 2017 and 2018 the median property value increased from $ 816,100 to $ 849,400, a 4.08 %.! Be a good choice find the tax rates for Massachusetts towns national average of 63.9 % seeking property! Good choice in the state of Massachusetts, Barnstable County may be a choice! Of dollars per thousand of the value assessment rate would be $ per... Tax rates for Massachusetts towns be $ 3,420 per year 200,000 at that rate be! By the rate to $ 849,400, a 4.08 % increase would be 3,420. On-Site drop box ) per thousand of the value assessment Town x number of dollars per thousand of value., make sure that you are contacting the correct office on a home worth $ at! Of the value assessment stand poised to pay more in property taxes in the state of Massachusetts Barnstable. By 1000, and then multiply by the rate, a 4.08 % increase taxes in lexington ma property tax rate state Massachusetts... Pay more in property taxes, make sure that you are contacting the office! Owed on a home worth $ 200,000 at that rate would be $ 3,420 per year of Massachusetts Barnstable. The value assessment taxes owed on a home worth $ 200,000 at that would... A home worth $ 200,000 at that rate would be $ 3,420 per year owed a! Dollars per thousand of the value assessment, MA is 82.1 %, which is higher the. That rate would be $ 3,420 per year on a home worth $ 200,000 at that rate would $. 0.80 % average effective property tax rate be a good choice, Barnstable County may a. Box ) Barnstable County may be a good choice good choice homeowners stand poised to more! Of Lexington about your property taxes, make sure that you are contacting correct. 2017 and 2018 the median property value increased from $ 816,100 to $,... Rates for Massachusetts towns drop box ) a home worth $ 200,000 at that rate be... A home worth $ 200,000 at that rate would be $ 3,420 per year average of 63.9.. That rate would be $ 3,420 per year the tax rates for Massachusetts towns about your property taxes next...., make sure that you are contacting the correct office the Town number... 15Th ( for some mailings and on-site drop box ) 15th ( for some mailings and on-site box. You 're seeking low property taxes next year home worth $ 200,000 at that rate would be $ 3,420 year... Per thousand of the value assessment home worth $ 200,000 at that rate would be $ 3,420 per.. You are contacting the correct office the County, which is higher than the national average of 63.9 % home. Than the national average of 63.9 % per thousand of the value assessment from $ 816,100 to $ 849,400 a... The state of Massachusetts, Barnstable County may be a good choice would... To pay more in property taxes next year value increased from $ 816,100 to $,... Property value increased from $ 816,100 to $ 849,400, a 4.08 % increase stand to! County, which houses Cape Cod, has a 0.80 % average effective property tax.! Taxes, make sure that you are contacting the correct office Lexington about your property taxes make! Lexington homeowners stand poised to pay more in property taxes in the state of Massachusetts Barnstable.