For fiscal year 2019, the residential property tax rate in Cambridge, MA is $5.94 per $1,000 of assessed value. For fiscal year 2019, the residential exemption is $375,800. The full residential exemption reduces a homeowner's taxes by $2,232.25 in 2019.
For fiscal year 2019, the residential property tax rate in Somerville, MA is $10.76 per $1,000 of assessed value. This is a decrease of 56 cents or 5% from 2018. For fiscal year 2019, the Somerville residential exemption is $288,539. The full residential exemption reduces a Somerville homeowner's taxes by $3,104.68 in 2019. The residential exemption is for owners who reside in their Somerville property.
For fiscal year 2018, the residential property tax rate in Cambridge, MA is $6.29 per $1,000 of assessed value. For fiscal year 2018, the residential exemption is $338,983. The full residential exemption reduces a homeowner's taxes by $2,132.20 in 2018.
For fiscal year 2018, the residential property tax rate in Somerville, MA is $11.32 per $1,000 of assessed value. This is a decrease of 35 cents or 2.8% from 2017. For fiscal year 2017, the Somerville residential exemption is $254,867. The full residential exemption reduces a Somerville homeowner's taxes by $2,885.09 in 2018. The residential exemption is for owners who reside in their Somerville property.
