For fiscal year 2020, the residential property tax rate in Somerville, MA is $10.09 per $1,000 of assessed value. This is a decrease of 67 cents or 6% from 2019. For fiscal year 2020, the Somerville residential exemption is $324,011. The full residential exemption reduces a Somerville homeowner's taxes by $3,269.27 in 2020. The residential exemption is for owners who reside in their Somerville property.
For fiscal year 2020, the residential tax rate in Cambridge, MA is $5.75 per $1,000 of assessed value. For fiscal year 2020, the residential exemption is $411,316. The full residential exemption reduces a homeowner's taxes by $2,365.07 in 2020.
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.
