Medford Property Taxes by the Numbers

Average Property Tax Increase for 2010
Single Family- $174.94
2-Family- -$106.78 (decrease)
3-Family- -$171.74 (decrease)
Condo- $91.35
Commercial Property- $1,583.96

Average Property Tax Bill
Single Family- $3,929.74
2-Family- $4,255.85
3-Family- $5,111.19
Condo- $2,897.62
Commercial Property- $22,921.99

Average Single Family Home Value
2007- $407,500
2008- $400,300
2009- $372,500
2010- $357,900

Average 2-Family Home
2007- $501,800
2008- $490,500
2009- $432,800
2010- $387,600

Average 3-Family Home
2007- $552,800
2008- $553,500
2009- $524,100
2010- $465,500

Average Condo
2007- $297,100
2008- $289,300
2009- $278,400
2010- $263,900

Average Commercial Property
2008- $1,083,800
2009- $1,050,100
2010- $1,056,800

2010 Property Tax Rates in Other Communities:

Residential/Commercial-Industrial

Malden- $12.39/$21.38
Somerville- $12.30/$20.44
Belmont- $12.16/$12.16
Arlington- $12.11/$12.11
Melrose- $12.07/$18.29
Boston- $11.88/$29.38
Wilmington- $11.53/$27.17
Winchester- $11.51/$10.82
Stoneham- $11.49/$18.87
Medford– $10.98/$21.69
Brookline- $10.97/$17.80
Burlington- $10.90/$29.70
Wakefield- $10.88/$21.97
Woburn- $10.32/$26.10
Cambridge- $7.72/$18.75

Source: City of Medford Assessor