Cambridge Property Tax Rate for 2015
For fiscal year 2015, the residential tax rate in Cambridge, MA is $7.82 per $1,000 of assessed value.
The 2015 residential tax rate reflects a decrease from 2014 of 56 cents or 7%.
For fiscal year 2015, the residential exemption is $239,500.
The full residential exemption reduces a homeowner's taxes by $1,872.89 and the CPA (Community Preservation Act surcharge) by another $56.19. Therefore, the total reduction is $1,929.08.
The residential exemption is for owners who reside in their Cambridge property and file a Massachusetts income tax return using that address. You are eligible for a residential exemption if you owned and occupied your property as your primary residence as of January 1, 2014. More than two-thirds of the residential property in Cambridge is owner-occupied.
The city of Cambridge has created a handy reference for how to read your Cambridge, MA tax bill. CLICK HERE to understand how to read your Cambridge property tax bill 2015.
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