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How Much is Property Tax on a $700,000 Home in Massachusetts?
Property tax on a $700,000 home in Massachusetts typically ranges from $4,900 to $12,600 per year (roughly $408 to $1,050/month), depending on the county. Based on the statewide average effective rate of 1.17%, you can expect to pay around $8,190/year, or $683/month. Massachusetts limits annual property tax increases under Proposition 2½, which caps increases at 2.5% per year unless voters approve an override.