For Fiscal Year 2026 (running July 1, 2025 – June 30, 2026), tax rates for Martha's Vineyard are set by individual towns, with significant changes in residential exemptions, particularly in West Tisbury.
FY2026 Property Tax Rates (Estimated & Confirmed)
- Oak Bluffs: Residential rate of $4.99 per $1,000; Commercial/Industrial/Personal rate of $4.85.
- West Tisbury: Estimated residential rate of $5.22 per $1,000; Commercial/Industrial/Personal rate of $4.75.
- Residential Exemptions: West Tisbury increased its residential tax exemption to 30%, while Tisbury (Vineyard Haven) uses 22%, and Oak Bluffs utilizes 15%.
Key 2026 Tax Considerations
- Property Tax Bills: Based on valuations as of January 1, 2025.
- Short-Term Rentals: A state tax of 5.7% applies, with local options up to 6% (9.7%–11.7% total), plus a possible 3% community impact fee for multiple properties.
