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Residential Tax Rates: Four North Shore Towns

Rate per $1,000 assessed value, FY2003–FY2026, with Marblehead override projections. Source: MA Department of Revenue.

Marblehead
Swampscott
Melrose
Stoneham
$6 $8 $10 $12 $14 $16 $18 $20 FY03 FY07 FY11 FY15 FY19 FY23 FY26 $12.00 Swampscott $11.47 Melrose $10.06 Stoneham $8.56 Marblehead Override projection, FY28 Tier 1 ($9M): $9.46 Tier 2 ($12M): $9.76 Tier 3 ($15M): $10.06

Residential tax rates for four North Shore towns, FY2003–FY2026. Marblehead's rate has been the lowest throughout the period. Dashed lines show projected Marblehead rates with each override tier at full phase-in. The Melrose FY26 spike reflects a $13.5M override passed in November 2025. Tax rates move inversely with property values and do not directly indicate total tax burden or spending efficiency.

Source: MA Department of Revenue, Division of Local Services, Tax Rates by Class FY2003–FY2026.

All four towns use split tax rates (residential vs commercial) except Marblehead, which uses a single rate for all property classes.

Melrose FY26 rate includes $13.5M override passed November 2025. Stoneham's $9.3M override (Dec 2025) not yet reflected.

Marblehead override tiers are estimates: current rate + (override amount / $9.89B assessed value). Tier 1 ($9M) ~$9.46, Tier 2 ($12M) ~$9.76, Tier 3 ($15M) ~$10.06.