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. Youâll owe the town x number of dollars per thousand of the value assessment. 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. 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%. The county's average effective property tax rate is 1.71%. As such, the Bay State's median residential tax rate dropped 50 cents in 2018 to $15.10 per $1,000, the Journal reported. 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. 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. If your property is located in a different Middlesex County city or town, see that page to find your local tax ⦠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! by 1000, and then multiply by the rate. So if you bought your $500K assessed home in Dover ($11.70 per thousand assessed) instead of Sherborn ($17.72 per thousand assessed), youâd pay $5,850 (500x$11.70=$5,850) in annual property taxes instead of $8,860 (500x$17.72=$8,860). Lexington homeowners stand poised to pay more in property taxes next year. Prior to the passage of the state-wide Proposition 2 1/2, towns and cites had much more flexability in establishing their tax ⦠Between 2017 and 2018 the median property value increased from $816,100 to $849,400, a 4.08% increase. When contacting Town of Lexington about your property taxes, make sure that you are contacting the correct office. Allow up to 15 business days from the payment date to ensure bank ⦠Payment posting may take 2-4 weeks from January 15th(for some mailings and on-site drop box). The median property tax in Massachusetts is $3,511.00 per year for a home worth the median value of $338,500.00. 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. Below you'll find the tax rates for Massachusetts towns. Remember, the 2018 rate is estimated (but usually predictive and accurate) and isn't finalized until the later half of the year. The county, which houses Cape Cod, has a 0.80% average effective property tax rate. 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. 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