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Massachusetts
By the Numbers

Massachusetts Below is a snapshot of key features of Massachusetts' tax system. (Scroll Down)
State & Local Revenue (FY10)
  • General Revenue, Own-Source (GROS): $46.9 billion
  • General Revenue as a Share of Income: 14.2%
  • Tax Revenue: $33.5 billion
  • Tax Revenue as Share of income: 10.2%
  • Personal Income Tax (Share of Tax Revenue): 30.3% (5 out of 51)
  • Corporate Income Tax (Share of Tax Revenue): 5.5 % ( 5 out of 51)
  • Sales & Excise Tax (Share of Tax Revenue): 20.9 % ( 46 out of 51)
  • Property Tax (Share of Tax Revenue): 38.8 % ( 15 out of 51)
  • Other Taxes (Share of Tax Revenue): 3.5 % (39 out of 51)
Personal Income Tax Features (2012)
  • Range of Tax Rates: 5.25%
  • Standard Deduction: None
  • Personal Exemption: $4,400 (Extra $2,400 for Head of Household Filers)
  • Dependent Exemption: $1,000
  • Earned Income Tax Credit (EITC): 15% Refundable
  • Flat income tax rate structure
Corporate Income Tax Features (2012)
  • Range of Tax Rates: 8.0%, 9% for financial institutions
  • Income Level at Which Top Rate Applies: All
  • Combined Reporting: Yes
  • Apportionment Factor (Payroll): 25%
  • Apportionment Factor (Property): 25%
  • Apportionment Factor (Sales): 50%
  • Apportionment Note: SSF for manufacturing and mutual fund companies
Sales Tax Features (2012)
  • State Sales Tax Rate: 6.25%
  • Average Local Sales Tax Rate: N/A
  • Average Combined State & Local Sales Tax Rate: 6.25%
  • State Sales Tax Treatment of Groceries: Exempt
  • Local Sales Tax Treatment of Groceries: N/A
  • Number of Services Taxed: 18 out of 168 surveyed (2007)
  • Streamlined Sales Tax Membership: No
  • Sales tax holiday offered in 2012
  • Sales tax applies to some digital goods and services
Property Tax Features (2012)
  • Property tax revenue increases capped at 2.5% per year.
  • Property tax revenue capped at 2.5% of total assessed value.
Other Tax & Revenue Features (2012)
  • Gasoline Tax Rate (per gallon): $0.265
  • Diesel Tax Rate (per gallon): $0.235
  • Cigarette Tax Rate (per pack): $3.51
  • Estate or Inheritance Tax: Yes
  • Net Lottery Sales Per Capita: $635 (2010)
Tax Policy Oversight
  • Tax Expenditure Report: Yes
  • Tax Incidence Analysis Capability: Personal income tax only

Last Updated October 4, 2012

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