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Cambridge Property Tax Rate for 2015

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.

If you are interested in buying or selling residential real estate in Cambridge or Somerville, I am here to help. I can be reached at or 617-733-8937.  I am a Harvard graduate, an Inman Square resident and a top broker in the city since 1999.

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