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Did you know…

Nantucket’s total real estate value according to the Assessor’s office is $17,208,429,905.  This number puts Nantucket at the 4th highest value in the Massachusetts behind Boston, Cambridge and Newton.  Currently, Nantucket’s tax rate for residential property, $3.58/$1,000 of assessed value, for commercial property, $6.41/$1,000 of assessed value and for open space, $3.42/$1,000 of assessed value.  These are actually some of the lowest mil rates in the whole country.  Another benefit of owning Nantucket real estate:-)