Property Taxes

How is Marblehead’s 2020 Property Tax rate calculated?
This article, which explains how the tax rate is calculated, is a follow up to Marblehead 2020 Tax Rate drops sharply

Marblehead 2020 Tax Rate drops sharply
This is a good news, bad news story.
The good news: the tax rate for Fiscal Year 2020 (July 1, 2019 to June 30, 2020) will drop from $10.74 to $10.39.
The bad news: taxes paid are going up. The median Single Family Home assessed value increased 7% from $630,000 to $674,000, resulting in a 3.5% increase in the median tax bill from $6,766 to $7,003.

Essex County property tax rates 2019: Town by Town guide
Of the 34 cities and towns in Essex County, 24 have announced decreases in their tax rate while 10 have had increases approved. Decreases of 5% or more were seen in Andover, Lynn and Swampscott, while 5% or larger increases were recorded in Saugus and Nahant. Bear in mind that a major determinant of the change in tax rates is the movement in Assessed Values. Thus, in a time of rising home prices, a general expectation is that tax rates should be flat to down

How is Marblehead’s 2019 Property Tax Rate calculated?
This article, which explains how the tax rate is calculated, is a follow up to Marblehead 2019 tax rate drops to $10.74.

How is Swampscott’s 2019 Property Tax Rate calculated?
Swampscott has announced that its residential tax rate will drop from $16.00 in Fiscal Year 2018 to $15.20 in FY 2019 (and down from $17.45 in FY 2017).
Commercial and industrial property is surcharged at 170%, as in FY 2018, resulting in a tax rate of $27.45, down from $28.83 in FY 2018 and $32.20 in FY 2017 (when the shift was 175%).

Marblehead 2019 Property Tax rate drops to $10.74
Marblehead’s Fiscal Year 2019 (July 1, 2018-June 30, 2019) tax rate has been certified by the State at $10.74, a drop of 2.5% from $11.02 in 2018, and the lowest rate since 2012. The median tax bill will increase by 1.7%, or $121, to $6,766. As a reminder, the tax rate for FY’19 is calculated using 2017 prices. 2018 prices will be the basis for the FY 2020 tax calculation.

Essex County 2019 Commercial property tax rates: town by town guide
The lowest rate for both residential and commercial rates is Rockport’s $9.86, but while the highest residential rate is Amesbury’s $18.37, there are 11 towns with commercial rates over $20, with the highest being $29.55 in Salem. 20 towns set the same rate for both residential and commercial, while in 3 towns the commercial rate is more than double the residential one.

Essex County 2018 Property Tax Rates: a Town by Town guide
Property tax rates for FY 2018 for all 34 cities and towns in Essex County have been announced. Below is a map (which you can download by clicking here), so that you can compare tax rates in neighboring towns, followed by the tax rates for each town the last four years, listed from low to high using 2018 tax rates.
The median tax rate for 2018 is $14.30, down slightly from 2017’s $14.41, while the average tax rate has dropped from $14.41 to $14.17. The highest taxed town, Amesbury, has a rate 34% higher than the County average, while the lowest, Nahant, is 29% below the average. Or put another way, the highest tax rate in Essex County is 88% higher than the lowest.

How is Swampscott’s 2018 Property Tax Rate calculated?

In my Swampscott’s tax rate goes down – and so do tax bills!! post this week I promised to write another article explaining exactly how the tax rate was calculated. This is it.
In my Swampscott’s tax rate goes down – and so do tax bills!! post this week I promised to write another article explaining exactly how the tax rate was calculated. This is it.

Swampscott’s tax rate goes down – and so do tax bills!!

Swampscott’s residential tax rate for 2018 has been set at $16.00, down from $17.45 and the average single family tax bill will actually decline by $153, with some 74% of the town’s residential parcels seeing a reduction in the total tax bill.

How is Marblehead’s 2018 Property Tax rate calculated?

(Click here to download a pdf of this report.)
In my Marblehead announces 2018 Property Tax rate post this week I promised to write another article explaining exactly how the tax rate was calculated. This is it.

Marblehead announces 2018 Property Tax Rate
(Click here to download a pdf of this report.)
The property tax rate for Fiscal Year 2018 (July 2017-June 2018) will be $11.02, just a penny higher than 2017’s $11.01.

Commercial property tax rates vary widely in Essex County
While most of us look at residential tax rates, far fewer are concerned with commercial tax rates. Yet a healthy commercial business environment can contribute significantly to the attractiveness of a town. The map shows commercial rates in each of Essex County’s 34 cities and towns, followed by a table comparing residential and commercial rates.

Marblehead’s low commercial tax rate: a great place to do business

The commercial tax rate receives less attention than the residential rate, but Marblehead has the fourth lowest tax rate. And more importantly, the commercial tax rate is much lower than that in surrounding towns.

Property tax rates 2017: Essex County town by town guide
Of the 34 cities and towns in Essex County, 22 have announced decreases in their tax rate while 12 have had increases approved.The median change was a decrease of just 0.7%.

Marblehead sets tax rate for 2017
The 2017 tax rate for Marblehead has been set at $11.01, down from $11.10 in FY2016. Before you get too excited, bear in mind that the reason the tax rate went down is that assessed values, reflecting rising prices, went up – which means that tax bills will also be going up.

Essex County property tax rates for 2016 with map
Essex County property tax rates for 2016 have been announced (except for Rockport). Here is a map (so that you can compare tax rates in neighboring towns) and the changes over the last two years, followed by my comments.

Essex County property tax rates for 2016
Of the 33 cities and towns in Essex County that have had their 2016 tax rate certified by the Department of Revenue (we are still waiting for Rockport – when that number is confirmed I will update this post), 14 have announced decreases in their tax rate while 19 have had increases approved.The median change was an increase of just 0.2%.

Marblehead’s 2016 property tax rate

The Board of Selectmen has approved a FY2016 rate of $11.10, up 2 cts from FY 2015. The average SFH tax bill will increase 4% to $7,973 based upon an average assessment of $718,342.

Will snow removal costs increase my property taxes?

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Essex County 2015 property tax rates by town
Residential and commercial tax rates for each of the 34 cities and towns in Essex County for the last 4 years.

How Your Property Taxes are Calculated
A brief primer of property tax rate calculations and an estimate of the FY2016 tax rate for Marblehead.

Would you prefer an 8% property tax rate cut or no change?
It’s not the rate but the taxes you pay that matter.

Marblehead tax rate drops a penny for FY2015
A one penny decrease in the tax rate and a 4% increase in the average tax bill

Do Property Tax Rates Matter to Buyers?
The answer seems to be yes!

2014 North Shore Property Tax Rates
Town by town guide to residential and commercial rates

Marblehead’s 2014 Property Tax Rate
At $11.09 it is the third lowest in Essex County

Twenty Questions with Marblehead Assessor
All you need to know about the property tax process

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