Nantucket, Nantucket County, Massachusetts Property Taxes
Property Taxes in Nantucket, Massachusetts
Median Nantucket, Massachusetts effective property tax rate: 0.33%, significantly lower than the national median of 1.02%, and lower than the Massachusetts state median of 1.15%.
Median Nantucket, Massachusetts home value: $2,120,900
Median annual Nantucket, Massachusetts tax bill: $6,957, $4,557 higher than the national median property tax bill of $2,400.
How are property taxes in Nantucket calculated?
Property taxes in Nantucket, Massachusetts are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Nantucket's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nantucket, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Nantucket, Nantucket County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.33%
Estimate Property Tax Bill
$6,999
$6,495
How Does the Nantucket Property Tax Calculator Work?
Use this Nantucket property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Nantucket's median effective tax rate of 0.33% — based on actual property records in Nantucket County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Nantucket's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Nantucket: rates range from 0.33% in 02554 to 0.33% in 02554, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Nantucket.
About Nantucket Property Taxes
About Property Taxes in Nantucket, Nantucket, Massachusetts
Nantucket’s median effective property tax rate of 0.33% is lower than the Massachusetts state median of 1.15% and lower than the national median of 1.02%. This rate reflects the Nantucket County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Nantucket. Homeowners in the 02554 ZIP code carry a median effective rate of 0.33%, while those in the same ZIP code pay 0.33%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Nantucket County. Understanding which part of Nantucket you live in can make a meaningful difference to your annual tax bill.
Nantucket homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the February 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Nantucket, Nantucket County, Massachusetts
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Nantucket's effective property tax rate to other cities in Massachusetts and the median property tax rates in Massachusetts and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Nantucket Tax Rate
0.33%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Nantucket County Tax Rate
0.33%
Median Effective Massachusetts Tax Rate
1.15%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Nantucket, Nantucket County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02554 | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Nantucket, Nantucket County, Massachusetts
When examining property taxes in Nantucket, Massachusetts, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Nantucket County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Nantucket County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Nantucket.
For example, the median home price in Nantucket is $2,120,900, with tax bills ranging significantly across the county. 02554 has the highest median home price at $2,120,900.
Property Tax Assessment Values Across Nantucket, Nantucket County, Massachusetts
Source: Ownwell
$2,120,900
$2,120,900
$2,120,900
Median Nantucket Market Value
$2,120,900
Median Nantucket County Market Value
$2,120,900
Median Massachusetts Market Value
$561,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Nantucket, Nantucket County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02554 | $1,007,300 | $1,457,000 | $2,120,900 | $3,474,450 | $5,320,171 |
Source: Ownwell
Property Tax Bills Across Nantucket, Nantucket County, Massachusetts
How are property tax bills calculated in Nantucket?
Property tax bills in Nantucket are based on the assessed value of a home and the local tax rate set by the county and municipality. Because the median home price is $2,120,900, many homeowners face sizable tax bills compared with the national median property tax bill of $2,400. The amount owed is determined by how the property is assessed, which means higher-valued homes generally receive higher bills.
What factors affect the tax bill?
Location, home value, and local tax policy all play a role in the final bill. In Nantucket, the median tax bill is $6,957, while the 25th percentile is $4,779 and the 75th percentile is $11,396. The 90th percentile reaches $17,450, showing how quickly taxes can rise for more expensive properties. For homeowners, this means property taxes can be a major ongoing housing cost, especially when assessed values increase.
Property Tax Bills Across Nantucket, Nantucket County, Massachusetts
Source: Ownwell
$6,957
$6,957
$6,957
Median Nantucket Tax Bill
$6,957
Median Nantucket County Tax Bill
$6,957
Median Massachusetts Tax Bill
$6,068
Median United States Tax Bill
$2,400
Property Tax Bills Across Nantucket, Nantucket County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02554 | $3,305 | $4,779 | $6,957 | $11,396 | $17,450 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 1 |
Links | |
|---|---|
| Nantucket Tax Assessor | |
| Website | gis.vgsi.com |