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2023 Nantucket Property Tax Rates

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Lara Hanson
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The Town of Nantucket fiscal year 2023 tax rates are now published. They are calculated on a per $1000 of total assessed value. For example, for a single family residential property assessed at $1,000,000, the total tax due would be $3,210.

Residential: $3.21

Commercial: $5.46

Open land: $3.05


Click here to view the Town of Nantucket’s tax rate history chart.

Assessments have also been updated in the Appraisal Vision Database for FY2023 billing.

 

Fiscal Year 2023 Due Dates 

Click here to pay your Nantucket property tax bill online.

Real Estate and Personal Property – Preliminary and Actual Taxes

The first quarter preliminary real estate and personal property tax bills will be issued on July 1, 2022 and will be due on August 1, 2022. The second quarter preliminary tax bills will be issued October 1, 2022 and will be due on November 1, 2022. 

Preliminary tax bills generally represent one half of the prior fiscal year’s total tax. The annual tax rate and new assessed values will be set in December 2022 and will be reflected on the “actual” tax bill issued January 1, 2023.

The third quarter tax bills will be issued on January 1, 2023 and will be due February 1, 2023. The fourth quarter tax bills will be issued on April 3, 2023 and will be due on May 3, 2023.

Note: Personal property is assessed as of January 1st of each bill and is billed in arears. Personal property is assessed as 3% of the building value.

The assessed owner on January 1, 2022 will be responsible for payment of the entire fiscal year of 2023. At the end of the fiscal year 2023 (June 30, 2023) the personal property account will be deleted from the billing system and no future bills will be issued.

-Assessor’s Office

 
Want to learn more? Read my blog Nantucket Property Taxes: What Homeowners Need to Know.

Written By

Lara Hanson

An 8th generation Nantucketer, Lara's roots trace back through several historic whaling families, most notably the Starbucks. Growing up on the island