Ornery_Ear_5613 t1_ix3th0p wrote
Reply to comment by furtyfive in For people that bought single family homes in Boston or adjacent suburbs since last summer, how much are you paying per month in mortgage, taxes, insurance? by Bostonosaurus
The Boston tax rate is about $10.50/$1,000 but the residential exemption is probably $3K total per year. It can take 1-2 years after closing for it to kick in. Bostons tax rate and exemption are great but that is primarily because the commercial tax base pays a huge part. Most suburbs don’t have that tax base diversity and soak homeowners.
Ornery_Ear_5613 t1_ix3tw46 wrote
Also assessed values generally lag market values by 10-20%.
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