Lynn, MA — income, home value, property tax, and sales tax.
Homes in the 01929 ZIP code near Lynn carry a median value of $902,000, and the county-level effective property tax rate of 1.04% translates into roughly $9,381 a year in taxes on a house at that price. With median household income at $156,442 and per-capita income of $78,269, that bill equals about 6% of a typical household's annual earnings. Sales tax in the area runs 6.25%. High property values paired with strong incomes keep the tax load proportional, though buyers stretching for a $902,000 home still face a substantial annual obligation.
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