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How Much is Property Tax on a $1,000,000 Home in Massachusetts?
Property tax on a $1,000,000 home in Massachusetts typically ranges from $7,000 to $18,000 per year (roughly $583 to $1,500/month), depending on the county. Based on the statewide average effective rate of 1.17%, you can expect to pay around $11,700/year, or $975/month. Massachusetts limits annual property tax increases under Proposition 2½, which caps increases at 2.5% per year unless voters approve an override.