Taxes & Insurance in Revere
Revere's tax picture is genuinely favorable relative to the Massachusetts average, but this record discloses in full the real, substantial coastal-flood-insurance consideration that comes with property near Revere Beach specifically.
Exploring the idea of moving?
We can connect you with a local real estate professional who knows the area -- no pressure, just a starting point.
Learn moreA property tax rate below the state average
Revere's effective property tax rate is cited at 0.95% -- below the Massachusetts statewide average effective rate of 1.00% (Tax Foundation). Confirm the current combined municipal rate directly for a specific property, since Massachusetts property tax is set entirely locally.
Massachusetts's statewide income and sales tax structure applies here
Massachusetts's flat 5% state income tax rate (with a real, additional 4% 'millionaires tax' surtax above $1,107,750 of taxable income) and uniform 6.25% statewide sales tax (no local add-on) apply identically in Revere -- see massachusetts.js for the full statewide disclosure.
A real, substantial, disclosed flood-insurance consideration
Revere participates in the National Flood Insurance Program with 2,237 policies in force (as of July 2, 2021) and carries 598 repetitive-loss structures -- mostly single-family homes -- that together logged 904 flood-loss events totaling over $8 million in damages between 1978 and 2021. Property near Revere Beach, the Riverside neighborhood, or other FEMA-designated flood zones (per the Suffolk County FIRM dated July 3, 2024) should budget for real, additional NFIP flood-insurance costs beyond a standard homeowners policy.
Massachusetts's statewide homeowners-insurance picture is genuinely mixed
Massachusetts's statewide homeowners-insurance premium figures span a real, wide range ($1,226-$2,634/year depending on source and coverage assumptions, per massachusetts.js) without strong statewide evidence of dramatically elevated costs -- but Revere's coastal exposure specifically warrants an independent, address-specific quote rather than relying on the statewide range.
Key takeaways
- Revere's 0.95% effective property tax rate runs below the Massachusetts statewide 1.00% average.
- Massachusetts's statewide flat 5% income tax (plus the 4% surtax above $1,107,750) and uniform 6.25% sales tax apply identically here.
- 598 repetitive-loss flood structures and over $8 million in documented flood damages (1978-2021) mean coastal-adjacent buyers should budget real, additional NFIP flood-insurance costs.
- Get an independent, address-specific homeowners and flood insurance quote for any coastal-adjacent Revere property rather than relying on the statewide range.
Want to know what your budget actually buys here?
Tell us a bit about what you're looking for and we'll connect you with someone local who can walk you through real numbers.
Get local guidanceRead the full Revere overview for the complete picture -- housing, taxes, climate, and who this place genuinely fits.
Planning a move?
Tell us what you're looking for and we'll connect you with a local expert who can help you make it happen.
Talk to a local expert