This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Closing Date Prorations in Massachusetts

In Massachusetts, closing date prorations for real estate taxes are governed by M.G.L. c. 59 and c. 60, and the statutory tax rate is 14% as confirmed by the City of Boston’s official source. This rate applies to the assessed value of the property, and prorations allocate tax liability between buyer and seller based on the number of days each party holds ownership during the tax period. The calculation is performed by the closing attorney or software, using the daily tax amount derived from the annual levy. The official source at https://www.boston.gov/departments/assessing/how-we-tax-your-property provides the exact rate and methodology. A worked example below demonstrates the proration steps. Use the DocketMath calculator to estimate your own closing proration.

Governing authority

In Massachusetts, the closing date prorations rule is set by M.G.L. c. 59; c. 60. The verified packet cites M.G.L. c. 59; c. 60 (https://www.boston.gov/departments/assessing/how-we-tax-your-property).

Massachusetts closing date prorations: the verified value is 14% under M.G.L. c. 59; c. 60. The verified packet cites M.G.L. c. 59; c. 60 (https://www.boston.gov/departments/assessing/how-we-tax-your-property).

Estimate your own result: every situation has exceptions that can change the outcome. Use the closing date prorations calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.