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Massachusetts Property Tax Guide

Lexington MA Property Tax Rate 2026

Lexington's FY2026 property tax rate is $12.31 per $1,000 of assessed value for residential property; commercial property is taxed at $24.18. This guide covers the rate table, what the median Lexington home actually pays, example bills, and how to appeal an assessment.

Zev Steinmetz

Zev Steinmetz

Partner Agent, Steinmetz Real Estate Professionals · Updated June 2026

What is the Lexington property tax rate for 2026?

Lexington's FY2026 residential property tax rate is $12.31 per $1,000 of assessed value. Lexington adopts a split rate: commercial, industrial, and personal property pays $24.18 per $1,000, shifting part of the tax levy off homeowners. The fiscal year runs July 1, 2025 through June 30, 2026.

Fiscal YearResidential (per $1,000)Commercial (per $1,000)
FY2026$12.31$24.18

Source: MA Division of Local Services, FY2026 Tax Rates by Class. Rates verified 2026-06-10.

What does the median Lexington home pay?

The median residential property in Lexington — across 10,429 single-family homes, condos, and small multi-families on the town's assessor roll — is assessed at about $1,407,000. At the FY2026 rate of $12.31 per $1,000, that median home owes roughly $17,320 per year before any exemptions, or about $1,443 per month. Remember that tax is calculated on assessed value, which the town sets and which usually trails current market value.

Assessed ValueAnnual Tax (FY2026)Monthly Equivalent
$850,000$10,464$872
$1,400,000$17,234$1,436
$1,825,000$22,466$1,872
$2,525,000$31,083$2,590

Based on assessed value at $12.31 per $1,000 (FY2026), before any exemptions. Tiers are anchored to Lexington's median residential assessed value from the town assessor roll.

How does Massachusetts property tax work?

Massachusetts property tax is set locally and billed quarterly. Each town sets its own rate per $1,000 of assessed value, with the assessment fixed as of January 1 of the prior year. Statewide rules:

  • •Assessed, not market. Tax is based on assessed value, not your purchase price.
  • •Proposition 2½. A town's total levy can grow only 2.5% per year, plus new growth, unless voters override.
  • •Quarterly bills. Preliminary bills due August 1 and November 1; actual bills due February 1 and May 1.
  • •Abatements. File with the Board of Assessors after the Q3 actual bill, by the printed deadline.

Property taxes when buying or selling in Lexington

When you buy a home, property tax is part of your monthly carrying cost and factors into loan qualification. When you sell, you pay the Massachusetts deeds excise of $4.56 per $1,000 of sale price at closing — a separate transfer tax. Taxes are prorated between buyer and seller at closing. Browse current listings or get an instant home estimate.

How Lexington compares: all 12 towns we cover

Lexington's $12.31 residential rate ranks #11 lowest of the 12 Greater Boston towns we cover. The rate alone doesn't tell you the bill — what matters is the rate times the typical assessed value, shown in the last column:

TownResidential (per $1,000)Commercial (per $1,000)Median Assessed ValueTax on Median Home
Newton$9.69$18.06$1,315,300$12,745
Wellesley$10.17$10.17 (uniform)$1,684,000$17,126
Brookline$10.24$17.16$1,112,550$11,393
Waltham$10.32$22.18$750,600$7,746
Marlborough$10.54$18.43$521,300$5,495
Needham$10.83$21.09$1,227,000$13,288
Weston$10.88$10.88 (uniform)$1,836,700$19,983
Natick$12.17$12.17 (uniform)$734,600$8,940
Watertown$12.20$23.47$852,650$10,402
Dedham$12.30$25.51$668,900$8,227
Lexington this guide$12.31$24.18$1,407,000$17,320
Hudson$14.14$27.99$529,200$7,483

FY2026 rates per $1,000 of assessed value. Median assessed value is the median of residential properties (single-family, condo, and small multi-family) on each town's assessor roll from our 135,000-property dataset; “tax on median home” is that median × the residential rate, before any exemptions. Assessed values typically trail market prices.

Frequently Asked Questions

What is Lexington's property tax rate for 2026?
Lexington's FY2026 residential property tax rate is $12.31 per $1,000 of assessed value. Commercial, industrial, and personal property are taxed at a higher $24.18 per $1,000. The rates apply to the fiscal year from July 1, 2025 through June 30, 2026.
Does Lexington use a split tax rate?
Yes. Lexington adopts a split tax rate: residential property pays $12.31 per $1,000 while commercial, industrial, and personal property pays $24.18. The split shifts part of the total tax levy onto commercial owners, keeping the residential rate lower than it would be under a single uniform rate.
What does a typical Lexington home pay in property tax?
The median residential property in Lexington is assessed at about $1,407,000 (median of 10,429 residential properties on the town's assessor roll). At the FY2026 rate of $12.31 per $1,000, that median home owes roughly $17,320 per year before any exemptions — about $1,443 per month.
How much is property tax on a $1,400,000 home in Lexington?
A Lexington home assessed at $1,400,000 owes $17,234 per year at the FY2026 rate of $12.31 per $1,000. That figure is based on assessed value, which the town sets and which typically trails current market value.
Is property tax based on what I paid for my home?
No. Massachusetts property tax is based on assessed value, set by the town as of January 1 of the prior year — not on your purchase price. In a rising market, assessments typically lag actual market values.
When are Lexington property tax bills due?
Lexington bills quarterly, like other Massachusetts towns. Preliminary bills are due August 1 and November 1; actual bills, reflecting the final FY2026 rate, are due February 1 and May 1.
What is Proposition 2½?
Proposition 2½ is a Massachusetts law that caps a town's total property tax levy growth at 2.5% per year, plus new growth from new construction, unless voters approve an override. It limits how fast the overall levy can rise.
Can I appeal my Lexington property tax assessment?
Yes. File an abatement application with the Lexington Board of Assessors after the Q3 actual tax bill is issued, by the deadline printed on that bill. An abatement challenges your assessed value, not the tax rate. Some Massachusetts communities also offer exemptions for seniors, veterans, and owner-occupants — check with the Lexington Assessors for current programs.
How does property tax affect buying or selling in Lexington?
Buyers should factor the annual tax into their carrying cost and loan qualification. Sellers pay the Massachusetts deeds excise of $4.56 per $1,000 of sale price at closing, separate from property tax. We prepare a full net-cost estimate for every Lexington transaction.

Official source: Lexington's FY2026 property tax rate is published in the MA Division of Local Services, FY2026 Tax Rates by Class. View the official FY2026 rate data. Verified 2026-06-10.

Buying or selling in Lexington?

We prepare a full cost breakdown — taxes, excise, and net proceeds — for every buyer and seller. Get a market-based estimate or book a consultation.

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