Between rising property values and funding needed for multiple town projects, Lexington residents could see higher property-tax bills in coming years.For some residents, including seniors, higher bills could make living in Lexington unaffordable.Earlier this year, the Lexington Board of Selectmen formed a committee to consider a possible solution to this dilemma: the residential exemption. The county, which houses Cape Cod, has a 0.80% average effective property tax rate. Voted in by Massachusetts residents in 1980, and taking effect in 1982, "Prop 2 1/2" greatly stablized residential property tax rates, and therefore property taxes, accross the state. Remember, the 2018 rate is estimated (but usually predictive and accurate) and isn't finalized until the later half of the year. Massachusetts has 14 counties, with median property taxes ranging from a high of $4,356.00 in Middlesex County to a low of $2,386.00 in Berkshire County.For more details about the property tax rates in any of Massachusetts' counties, choose the county from the interactive map or the list below. At the Board of Selecmtmen’s Dec. 6 meeting, the selectmen voted unanimously to support a residential tax factor of .903903, and a tax shift of 1.75. As such, the Bay State's median residential tax rate dropped 50 cents in 2018 to $15.10 per $1,000, the Journal reported. Barnstable County. The county's average effective property tax rate is 1.71%. The median property tax in Massachusetts is $3,511.00 per year for a home worth the median value of $338,500.00. Lexington homeowners stand poised to pay more in property taxes next year. Town of Lexington is a locality in Middlesex County, Massachusetts.While many other municipalities assess property taxes on a county basis, Town of Lexington has its own tax assessor's office. You can call the Town of Lexington Tax Assessor's Office for assistance at 781-862-0500.Remember to have your property's Tax ID Number or Parcel Number available when you call! If your property is located in a different Middlesex County city or town, see that page to find your local tax … Counties in Massachusetts collect an average of 1.04% of a property's assesed fair market value as property tax per year.. Massachusetts has one of the highest average property tax rates in the country, with only five states levying higher property taxes. Allow up to 15 business days from the payment date to ensure bank … The median property value in Lexington, MA was $849,400 in 2018, which is 3.7 times larger than the national average of $229,700. The homeownership rate in Lexington, MA is 82.1%, which is higher than the national average of 63.9%. You’ll owe the town x number of dollars per thousand of the value assessment. 2019 Massachusetts Tax Rates for Real Estate Residential Property The resulting tax rate for fiscal 2018 will most likely be $14.30 per thousand dollars of assessed value, according to Town Manager Carl Valente. Once you know the rate, to get the taxes for the house in question, you divide the ASSESSED VALUE (not market value !) Between 2017 and 2018 the median property value increased from $816,100 to $849,400, a 4.08% increase. So if you bought your $500K assessed home in Dover ($11.70 per thousand assessed) instead of Sherborn ($17.72 per thousand assessed), you’d pay $5,850 (500x$11.70=$5,850) in annual property taxes instead of $8,860 (500x$17.72=$8,860). 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