Nantucket Property Tax Rates

2025 Nantucket Property Tax Rates

• Residential: $3.28 

• Land: $3.11

• Commercial: $5.56

The Town of Nantucket fiscal year 2025 tax rates are now published. They are calculated per $1000 of total assessed value.

You can calculate your tax rate using the Town of Nantucket's Tax Rate Calculator.

Click below to make a tax payment with the Town of Nantucket.

Town of Nantucket 2025 Budget*

Nantucket's total assessed taxable value for FY 2025 is $38,854,659,253. This total does not include exempt parcels (owned by the Town, Land Bank, NCF, etc.).

This breaks down as $38,212,935,765 for real property and $641,723,488 for personal property. Real property is further broken down into:

• $36,278,294,289 for residential

• $1,852,105,293 for commercial

• $79,792,883 for industrial

• $2,743,300 for open space (mostly greenbelt parcels)

For Fiscal Year 2025, Nantucket has 14,071 Real Property Parcels and 7,720 Personal Property Accounts.

• Every two years the Bureau of Local Assessment, a division of the Department of Revenue conducts an Equalized Valuation Program (EQV) to determine a community’s “full and fair” cash valuation which is then used as a basis of comparison for the allocation of local aid to the 351 municipalities.

• Nantucket’s EQV, most recently done in 2024, was determined to be $40,700,588,900, the 4th highest in Massachusetts following Boston, Cambridge, and Newton.

*Information courtesy of Rob Ranney, Nantucket Town Assessor