Understand Newton before you commit to an address
Newton is 91,000 people in eighteen square miles west of Brookline, organized into thirteen villages with their own names, their own centers and their own price levels, and governed as one city with a mayor and a council. Figures are the same two indexes measured the same way in all 24 municipalities here, on Massachusetts rules including annual full-value assessment. It has not adopted the residential exemption, so the rate Newton publishes is the rate you pay on the whole value, exactly as a landlord does.
The cost of living in Newton, and what a home costs
Two calculators on Massachusetts's own rules: monthly compounding and the month private mortgage insurance stops, and the closing costs this state actually charges.
Rent or buy in Newton
Whether buying here beats renting, and the year it turns over. With no residential exemption in this municipality, the tax line is the published rate on the whole value from the first bill.
Mortgage calculator
Monthly compounding, the 30-year fixed loan, the private mortgage insurance a low down payment triggers, and a closing where Massachusetts charges the buyer no transfer tax and no tax on the mortgage at all.
Then work out whether Newton is the right part of the metro
No neighborhood guides for Newton yet. What is here instead is all 24 municipalities of the inner metro on one comparable footing.
All 24 municipalities inside eleven miles
Every municipality here side by side on home value, the rate the town publishes, the rate an owner-occupier really pays after the residential exemption, and the rate a landlord pays on the same building.
Compare the metroBoston, and the exemption it grants
The municipality at the middle of this table, on its own hub: the second highest published residential rate here, one of the lowest bills a resident owner actually pays, and the filing deadline that decides which of the two you get in your first year.
Read the Boston hubTampa Bay and its twenty-four
The two Zillow indexes in the same month, on Florida's homestead exemption instead of Massachusetts's residential one, in a market repricing storm surge in real time.
Compare the two coastsWhat buying in Newton actually involves
Newton publishes $9.69 per $1,000, one of the lower residential rates in this layer, with a commercial rate of $18.06 behind it, and grants no residential exemption. An owner pays 0.97% of the purchase price, but because the typical home value here is $1.54 million that works out to about $14,900 a year, the fourth highest bill of these twenty-four. Newton is the clearest demonstration that the rate and the bill are different questions: a moderate rate on a very expensive house is a large number.
The city has run a long sequence of Proposition 2 1/2 override campaigns, some passed and some defeated, and the pattern is the one every fully built-out residential municipality here faces. New growth is small because there is nowhere to build, the levy limit grows 2.5%, and school and building costs do not. Newton also went through a teachers' strike in 2024 that put the underlying budget arithmetic on the front page. None of that is unusual and all of it is in the carrying cost.
Thirteen villages means one index describes none of them. Newton Centre, Newton Corner, Newtonville, West Newton, Auburndale, Waban, Chestnut Hill, Nonantum and the rest differ on stock, on price and on what you are walking to, and the spread between the cheapest and the dearest is wide enough that the citywide number is close to useless for a specific search. Nonantum is a dense working village of two-families; Chestnut Hill is something else entirely.
The transit is better than the price suggests it should be: six stops on the Green Line D branch through the middle of the city and three Worcester line commuter rail stations, plus the whole northern edge on the Massachusetts Turnpike. That is why Newton reads as a suburb and functions as an inner one, and it is a large part of what the price is buying.
Moving to Newton: check these before you commit
- That there is no residential exemption, so the whole assessed value is taxed at the published rate
- Which village, because the citywide index averages markets that differ by a factor of two
- The override history and anything currently proposed, in a city with almost no new growth
- Whether the address is walkable to a Green Line stop or a commuter rail platform, which is priced in
- For older stock: heating, insulation and whether the systems have ever been replaced
- Lot size and setback rules in the village concerned, which vary across the city
Newton publishes a residential rate of $10 per $1,000 for fiscal 2026 and grants no residential exemption, so nothing stands between that rate and your bill. Business pays $18, a classification shift of 1.86 to one. Both figures are what the municipality adopted and the Department of Revenue certified, rather than anything assembled on this site.
Sourced, dated, and separated from the guesswork
Every Newton figure below is cited, stamped with the period it describes, and editable, because a number for the whole city rarely describes your purchase. Appreciation and investment returns are assumptions rather than facts, and they are labelled that way. Read the methodology for how the line is drawn.
- Prices, rents and tax rates: published statistics and the official schedules.
- Nothing here is a lender quote, a pre-approval or financial advice.
Where the Newton figures come from
- Tax Rates by Class, fiscal year 2026 · Massachusetts Department of Revenue, Division of Local Services, Municipal Databank · retrieved Supports: The certified fiscal 2026 residential rate for each of the twenty-four municipalities, from Cambridge at $6.67 to Everett at $12.62, The commercial, industrial and personal property rate behind each of them, which gives the classification shift, That Arlington and Belmont charge a single rate to all classes, That fiscal 2026 is the most recent fully certified year: at the retrieval date only two of the state's 352 municipalities had a fiscal 2027 rate on the table
- Residential exemption, fiscal year 2026 · City of Boston Assessing Department · retrieved Supports: $351,108 of assessed value excluded from an owner-occupied parcel, worth $4,353.74 at the city's $12.40 rate, The 1 April filing deadline and the requirement to have owned and occupied on the previous 1 January
- City of Somerville FY2026 Classification Hearing, 25 November 2025, and the FY2026 Property Tax Update · Somerville Board of Assessors · retrieved Supports: A residential exemption of 35% of average assessed value adopted for fiscal 2026, yielding savings of up to $4,578, A minimum residential factor of 82.816, the legal minimum for the city, Form LA-4 parcel counts and assessed values by use code, from which the average Class One value of about $1,191,000 follows, That Somerville carries 7,251 condominium parcels against 2,315 single-family parcels, That life science property in this market depreciated about 20% between fiscal 2025 and fiscal 2026
- City Council meeting minutes, 28 October 2025: adoption of a residential exemption and minimum residential factor for fiscal 2026 · City of Malden · retrieved Supports: A unanimous vote to adopt a residential factor of 0.9054 and a residential exemption of 35%, raised from 30%, The council's own statement on the record that the increase is a tax shift benefiting owner-occupied households and not a tax cut, and that the shift is budget neutral, Average fiscal 2026 values of $449,000 for a condominium, $666,000 for a single family, $861,000 for a two-family and $991,000 for a three-family, That the increase from 30% to 35% is worth about $291 a year, from which the $178,684 exemption value here is derived, A Proposition 2 1/2 override under discussion for fiscal 2027 at $5.4 million and $8.2 million
- Residential exemption information for fiscal year 2026 · City of Chelsea Board of Assessors · retrieved Supports: An exemption of 35% of the average assessed value of all Class One residential parcels, $279,066 of assessed value excluded for fiscal 2026, worth $3,203.68 at the city's $11.48 rate, The 1 April 2026 filing deadline and the 1 January ownership and occupancy test
- Residential exemption information, fiscal year 2026 · City known as the Town of Watertown, Assessing Department · retrieved Supports: The maximum 35% exemption recommended by the assessors and adopted by the council for fiscal 2026, $324,715 of assessed value excluded, worth $3,961.52 at the town's $12.20 rate