For fiscal year 2016, the residential tax rate in Cambridge, MA is $6.99 per $1,000 of assessed value.
The 2016 residential tax rate reflects a decrease from 2015 of 83 cents or 11%.
For fiscal year 2016, the residential exemption is $277,937. For more on the residential exemption, CLICK HERE for information from the city of Cambridge.
The full residential exemption reduces a homeowner's taxes by $1,942.78.
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, 2015. 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 2016.
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