Massachusetts Mortgage Calculator
Calculate your monthly payment in Massachusetts, with property tax included using the state's effective rate of 1.07%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in Massachusetts: the numbers
Massachusetts sits above the 0.92% national average with an effective rate of 1.07%, which is 16% higher. The state ranks 17th out of 50 when states are ordered from highest rate to lowest.
The median home value in Massachusetts is $562,100, and the median annual property tax bill is $5,992. Spread over twelve months, that is about $499 a month in property tax for a median-priced home.
| Effective property tax rate | 1.07% |
|---|---|
| Median home value | $562,100 |
| Median annual property tax | $5,992 |
| Rank by rate (1 = highest of 50) | 17 |
| Difference vs 0.92% national average | 0.15 points above (16% above) |
What this means for your monthly payment
Two worked examples for Massachusetts, using the figures above:
Example 1: the median home
$5,992 per year ÷ 12 = about $499 per month in property tax (median home value: $562,100).
Example 2: a $300,000 home
$300,000 × 1.07% ÷ 12 = about $268 per month, or $3,210 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In Massachusetts it is about $3,210, which is $450 more per year (about $38 more per month).
Compare with similar states
States ranked just above and just below Massachusetts by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
- Pennsylvania — 1.30% (rank 12)
- Kansas — 1.29% (rank 13)
- Michigan — 1.25% (rank 14)
- Rhode Island — 1.21% (rank 15)
- Alaska — 1.11% (rank 16)
Ranked just below (lower rate)
- South Dakota — 1.06% (rank 18)
- Minnesota — 1.02% (rank 19)
- Maine — 1.02% (rank 19)
- North Dakota — 0.99% (rank 21)
- Maryland — 0.97% (rank 22)
Massachusetts property tax FAQ
What is the property tax rate in Massachusetts?
The effective property tax rate in Massachusetts is 1.07%. That is 16% above the 0.92% national average, and the state ranks 17th out of 50 when states are ordered from highest rate to lowest.
How much is property tax on a $300,000 home in Massachusetts?
At Massachusetts's effective rate of 1.07%, property tax on a $300,000 home works out to about $3,210 per year, or about $268 per month. At the 0.92% national average, the same home would be about $2,760 per year, so Massachusetts is about $450 more per year.
How much is property tax on the median home in Massachusetts?
The median home value in Massachusetts is $562,100, and the median annual property tax is $5,992, which is about $499 per month.
Does the property tax rate vary inside Massachusetts?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 1.07% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.