Real Estate

Hopkinton No. 29 in State for Property Taxes, Says Report

The Boston Business Journal recently ranked Massachusetts municipalities' property tax rates.

Many communities in the more affluent suburbs of Boston are two- to three-times the state median of $3,533, reported the Boston Business Journal in a recent comparison of property taxes in Massachusetts.

Weston ranked at the top in the comparison, with a $17,832 average annual property tax bill for homeowners. Duxbury has seen the biggest increase. The BBJ reported that 14 communities had average single-family bill of at least $10,000, which is up one community from last year’s figure.

Hopkinton ranked at no. 29 in the list, paying an average single-family tax bill of $8,539, up from 2013, when it was $8,285, showing a three percent increase. Since 2003, Hopkinton’s rate has gone up 66 percent. The average single family home in Hopkinton is valued at $484,361.

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