Schools or the House? · Part 2 of 4

The real cost of schools vs. the house: what families need to price before they buy.

The list price is where the comparison starts, not where it ends. Two homes at very different prices can carry nearly identical tax bills, and a lower price can come with commute, care, or school costs that close the gap.

Quick Answer

Price the whole month, not the list price. Property tax rates vary widely between towns north of Boston, so a cheaper town can carry a tax bill close to a pricier one. Add commute, childcare, school fees, and any backup school plan, then compare each option against take-home pay before making an offer.

The Short Version
Part 2 of 4 · Schools, House, and Real-Life Cost

Part 1 introduced the Tuesday-morning test: picture an ordinary school morning in each home, not the open house. Part 2 puts numbers on that test.

Why the list price misleads

Most family buyers compare two listings by price and school rating. Those two numbers leave out most of what the family will actually pay each month. Property taxes, insurance, utilities, repairs, commute, childcare, and any backup school plan all sit outside the list price, and they tend to differ most between towns.

The tax picture changes the comparison

Massachusetts property tax rates vary widely from one town to the next. A town with a lower price and a higher rate can land close to a pricier town with a lower rate. The chart below applies each town's FY2026 residential tax rate to its 2026 year-to-date average sale price.

Illustrative yearly property tax
Amesbury and Newburyport land at nearly the same tax bill, about $450,000 apart in price.
Haverhill
$6,809
Newburyport
$10,910
Amesbury
$10,941
North Andover
$11,524
Andover
$16,231
Illustrative only: 2026 YTD average sale price multiplied by the FY2026 residential rate. Actual Massachusetts tax bills are based on assessed value, which usually differs from sale price.
Town2026 YTD avg. priceFY2026 rateYearly taxMonthly
Haverhill$641,764$10.61$6,809$567
Amesbury$726,990$15.05$10,941$912
North Andover$1,025,285$11.24$11,524$960
Newburyport$1,178,235$9.26$10,910$909
Andover$1,318,510$12.31$16,231$1,353

What stands out. The average Amesbury sale ran about $450,000 less than the average Newburyport sale, yet the illustrative tax bill is nearly identical. Amesbury's rate is among the highest in the region and Newburyport's is among the lowest. A family choosing Amesbury for price still saves significantly on the mortgage. The tax bill is simply not where that saving shows up.

Andover's illustrative tax bill runs more than double Haverhill's. Over a 10- to 12-year school span, that difference alone adds up to more than $100,000 before any other cost is counted.

The full monthly picture

For each finalist home, price every line below. A lender can confirm what a family qualifies for. This list shows what the family will actually live on.

Housing costs

Getting-around costs

School and care costs

Plan B costs

Compare against take-home pay

The most useful single number is the total monthly cost of each option as a share of take-home pay. A payment the lender approves can still leave no room for savings, emergencies, or activities. When that happens, the family feels squeezed every month, which is its own kind of regret.

A simple rule: if one option only works when nothing goes wrong, it is the riskier option, whatever the school rating says.

Want the comparison built for two real homes?

The team builds side-by-side cost comparisons using actual assessed values, verified tax rates, and commute times at real drive hours. Book a time with Lisa →

A worked example

Consider a family deciding between a larger home in Haverhill and a smaller home in North Andover. Using the 2026 averages, the North Andover home costs roughly $380,000 more and carries an illustrative tax bill about $4,700 higher each year.

On the other side of the ledger, the Haverhill home may add commute time, aftercare cost, or a private school backup, depending on the family's school plan. Some families find the numbers land closer than expected. Others find a clear winner. The answer comes from pricing both columns, not from the list price alone.

How the Lisa Sevajian Group helps

For families weighing two towns or two homes, the team builds a side-by-side cost comparison using the actual properties: current assessed values, verified tax rates, insurance quotes, commute times at real drive hours, and the school and care costs the family expects to carry. The goal is a decision made with the whole month in view.

Continue the series

Part 3: how to research a school before moving, beyond ratings and open-house talk. Part 4: what to do if the school is not a fit, from school choice and charters to private school and the real Plan B.

The honest bottom line

Price the whole month

Frequently Asked Questions

Are Massachusetts property taxes based on the sale price?

No. Taxes are based on the assessed value set by the town, which usually differs from the sale price. Confirm the current assessment and rate with the town assessor before making an offer.

Why does a cheaper town sometimes have a higher tax bill?

Each municipality sets its own tax rate. A town with a high rate can produce a tax bill similar to a pricier town with a low rate.

What costs do family buyers most often forget?

Summer care, activity fees, a second vehicle, and the cost of a backup school plan.

Should we compare homes against the lender approval amount?

Compare against take-home pay instead. The approval shows what a family can borrow, not what leaves room for savings, repairs, and everyday life.

Sources & Important Information

This article is general guidance, not financial, tax, or legal advice. Tax figures are illustrative. Verify current assessments, rates, and costs with the town assessor, lender, and attorney before a purchase.

Comparing two towns or two homes?

Share the two on the list. The team will price the whole month for each, so the decision is made with every cost in view.

Compare Two Towns With Lisa Read Part 1
Lisa Sevajian, Realtor
Your guide
Lisa Sevajian
Realtor MA/NH, Lisa Sevajian Group · eXp Realty · Agents licensed in MA & NH

Lisa Sevajian has guided nearly 2,000 sales across Northern Massachusetts and Southern New Hampshire, and her team ranks in the Top 1.5% of over 1,400,000 Realtors in the US. She has made the schools-versus-house decision herself twice, and helps families price the trade-off before they commit.