What is the residential tax rate
in Cambridge, Massachusetts?
What is the residential tax rate in Cambridge, Massachusetts?
For fiscal year 2018, the residential tax rate in Cambridge, MA
is $6.29 per $1,000 of assessed value.
The 2018 residential tax rate in Cambridge reflects a decrease from 2017 of 20 cents or 3.1%.
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. 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, 2017. More than two-thirds of the residential property in Cambridge is owner-occupied.
CLICK HERE for city of Cambridge residential tax rate information from 2006 through 2018.
Call me at 617-733-8937 or email me.
See answers to frequently asked real estate questions at AskCharlesCherney.com
Check out all editions of the Cambridge Somerville Buy Sell Report at CharlesCherneyBuySellReport.com