Nantucket tax rates - check this out!
By Brian-Logan Reid, Broker
Amazingly, the residential tax rate for 2007 is $2.49 per assessed $1,000…that means if you own a property that assesses for $1,000,000 you pay $2,490 in taxes!! This is the lowest the tax rate has been in the last 26 years…
The year-round residential exemption for 2007 is $376,097, which definitely helps locals deal with rapidly rising property values.
The most expensive residential tax rate within the last 26 years was in 1982 at a staggering $8.88 per assessed $1,000