Revere, Suffolk County, Massachusetts Property Taxes

Name: Property Tax Bills Across Revere, Suffolk County, Massachusetts
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Revere, MA effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Revere, MA home value: $547,150
Median annual Revere, MA tax bill: $5,204, $2,804 higher than the national median property tax bill of $2,400.

How are property taxes in Suffolk calculated?

Property taxes in Revere, MA 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 Revere’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Revere, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Revere, Suffolk County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$5,634

$5,228

Ownwell’s Revere Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Revere with just two data points. By entering your property's estimated assessed value, our calculator applies Revere’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Suffolk County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Revere, Suffolk County, Massachusetts

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Annually, each county estimates the budget required to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and legislative measures play a role in establishing tax rates and budgets, this is the core of the annual process.

In Revere, located in Suffolk County, Massachusetts, the effective property tax rate is a crucial aspect for property owners to consider. With property tax rates varying widely across different cities in Massachusetts, understanding how Revere compares can provide valuable insights. While the national median property tax rate stands at 1.02%, Revere's rate offers a unique perspective within the state. By comparing Revere’s rate to both state and national figures, property owners can better assess their tax obligations. Whether you're a homeowner or an investor, staying informed about these rates is essential for financial planning and maximizing potential savings through appeals or exemptions.

Property Tax Rates Across Revere, Suffolk County, Massachusetts

Source: Ownwell

0.91%

1.03%

1.16%

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 Revere Tax Rate

0.91%

Median Effective Suffolk County Tax Rate

1.16%

Median Effective Massachusetts Tax Rate

1.15%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Revere, Suffolk County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02151	0.91%	0.91%	0.91%	0.91%	0.91%

Source: Ownwell

Property Tax Assessment Values Across Revere, Suffolk County, Massachusetts

When examining property taxes in Revere, MA, 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 Suffolk 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.

In Suffolk County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Revere. For example, the median home price in Revere is $547,150, with tax bills ranging significantly across the county. Zip code 02151 has the highest median home price at $547,150.

Property Tax Assessment Values Across Revere, Suffolk County, Massachusetts

Source: Ownwell

$434,900

$2,047,600

$3,660,300

Median Revere Market Value

$619,100

Median Suffolk County Market Value

$701,500

Median Massachusetts Market Value

$561,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Revere, Suffolk County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02151	$358,760	$499,300	$619,100	$748,675	$874,370

Source: Ownwell

Property Tax Bills Across Revere, Suffolk County, Massachusetts

In Revere, located in Suffolk County, MA, property tax bills are a significant concern for homeowners. The tax bill is calculated by multiplying the assessed value of a property by the local tax rate. With a median home price of $547,150, Revere's property tax bills can range significantly. For example, homeowners in the 25th percentile can expect a tax bill of around $4,219, while those in the 75th percentile might see bills as high as $6,348. The 90th percentile tax bill can reach up to $7,470, considerably higher than the national median property tax bill of $2,400. This discrepancy underscores the importance of understanding how local assessments and tax rates impact homeowners financially. Ownwell steps in to assist homeowners by providing expert property tax appeal and exemption services. By leveraging local market insights and assessment data, Ownwell can help homeowners potentially reduce their tax burden, ensuring they only pay their fair share. This service can result in substantial savings, providing peace of mind and financial relief.

Property Tax Bills Across Revere, Suffolk County, Massachusetts

Source: Ownwell

$5,036

$23,711

$42,386

Median Revere Tax Bill

$5,616

Median Suffolk County Tax Bill

$7,906

Median Massachusetts Tax Bill

$6,068

Median United States Tax Bill

$2,400

Property Tax Bills Across Revere, Suffolk County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02151	$3,254	$4,529	$5,616	$6,791	$7,931

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	February 1

Links
Suffolk Tax Assessor
Website	properties.boston.gov