East Boston, Massachusetts Property Taxes
The median property tax rate in East Boston, MA is 1.07%, which is significantly higher than the national median of 0.99% but lower than the Massachusetts state median of 1.23%. With the median home value in East Boston at $649,400, the typical annual property tax bill amounts to $6,975, substantially exceeding the national median of $2,690. Property taxes in East Boston are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural uses. Understanding East Boston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of East Boston or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Boston, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$6,949
Ownwell’s East Boston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Boston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Boston to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across East Boston, Massachusetts
Property taxes in East Boston, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Boston is 1.07%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within East Boston set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Boston estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares East Boston's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 02128 has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with East Boston provides valuable insights into the varying tax landscape across Suffolk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Boston Tax Rate
1.07%
Average Suffolk County Tax Rate
1.07%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Boston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02128 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across East Boston, Massachusetts
In East Boston, Massachusetts, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Suffolk County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In East Boston, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in East Boston is $649,400, with tax bills ranging from $5,350 at the 25th percentile to $10,917 at the 90th percentile. The highest and lowest median tax bills both stand at $6,975 in zip code 02128. Being aware of these valuation processes in East Boston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across East Boston, Massachusetts
Source: Ownwell
$84,600
$1,690,350
$3,296,100
Average East Boston Assessed Value
$649,400
Average Suffolk County Assessed Value
$641,300
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Boston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02128 | $396,360 | $498,100 | $649,400 | $839,650 | $1,016,480 |
Source: Ownwell
Property Tax Bills Across East Boston, Massachusetts
In East Boston, located in Suffolk County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in East Boston is $649,400. The property tax rate in Massachusetts is applied to this assessed value to determine the annual tax bill. For example, homeowners in the 25th percentile of tax bills pay around $5,350, while those in the 75th percentile face bills closer to $9,018. At the 90th percentile, tax bills can reach up to $10,917. The highest and lowest median tax bills in the area both stand at $6,975, specifically in the 02128 zip code. These taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, East Boston's property taxes reflect the region's higher home values and the corresponding need for public funding.
Average East Boston Tax Bill
$6,975
Average Suffolk County Tax Bill
$6,836
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across East Boston, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02128 | $4,257 | $5,350 | $6,975 | $9,018 | $10,917 |
Source: Ownwell