01904 Property Tax Rate

Property owners in ZIP code 01904 (Lynn, Massachusetts) pay a median of $5,750/year in property taxes on homes valued at $515,100. This translates to an effective tax rate of 1.12%, which is near the Massachusetts state average of 1.13%.

The monthly property tax burden for a median-valued home in 01904 is approximately $479, which factors into escrow payments on mortgages. This ZIP code is located within Essex County.

Compared to similar ZIP codes in Massachusetts, 01904 has lower property taxes. ZIP codes with similar effective rates include 01701 (1.12%) and 02780 (1.12%).

In Lynn, property taxes represent approximately 5.7% of the median household income of $100,597, providing context for the relative tax burden on homeowners in this area.

Massachusetts Chapter 59 exemptions for seniors (65+), veterans, and surviving spouses reduce assessed value by $800–$3,000 in Essex County, offering substantial relief at effective rates above 1.2%. File your exemption claim with the Essex County Assessor by April 1 annually if you own and occupy your primary residence by that date. Essex County Assessor will require proof of residency, age/military service, and income—apply before April 1 following your purchase to secure the exemption on your next tax cycle.