02114 Property Tax Rate

Property owners in ZIP code 02114 (Boston, Massachusetts) pay a median of $6,161/year in property taxes on homes valued at $927,900. This translates to an effective tax rate of 0.66%, which is 41% below the Massachusetts state average of 1.13%.

The monthly property tax burden for a median-valued home in 02114 is approximately $513, which factors into escrow payments on mortgages. This ZIP code is located within Suffolk County. This is $429 more than the Massachusetts average of $5,732/year.

Compared to similar ZIP codes in Massachusetts, 02114 has lower property taxes. ZIP codes with similar effective rates include 02543 (0.66%) and 02646 (0.67%).

In Boston, property taxes represent approximately 4.6% of the median household income of $135,057, providing context for the relative tax burden on homeowners in this area.

Massachusetts has no statewide property tax cap; Suffolk County (including Boston) reassesses properties regularly, so your assessed value will reflect current market conditions. Chapter 59 exemptions for seniors (65+), veterans, and surviving spouses can provide meaningful relief—submit your application to the Suffolk County Assessor's office by the October 1 deadline with documentation of eligibility. Review your property's assessment notice each year and file an abatement claim with the Suffolk County Assessor if the valuation appears excessive compared to recent sales.