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Massachusetts ranks 6th on a new list of property tax burdens ranked by the Washington, D.C.-based Tax Foundation using U.S. Census data.
In 2007, the state's median annual property tax bill for owner-occupied homes was $3,328. That accounted for slightly less than 1 percent of the median home's value and a little more than 4 percent of the state's median income.
Massachusetts has plenty of neighbors near the top of the list. New Hampshire ranked No. 2 on the list. Connecticut has the third-highest property tax burden for homeowners. Rhode Island ranked 5th and Vermont was 8th. New York ranked 4th on the list and Maine came in at 21.
The state with the heaviest property tax burden for homeowners was New Jersey. The median annual property tax bill for owner-occupied homes in that state is $6,082, a whopping 7 percent of the state's median income.
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Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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