What is the residential tax rate
in Cambridge, Massachusetts?
For fiscal year 2020, the residential tax rate in Cambridge, MA is $5.75 per $1,000 of assessed value.
The 2020 residential tax rate in Cambridge reflects a decrease from 2019 of 19 cents per $1,000 of assessed value or 3%.
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. 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, 2010. More than two-thirds of the residential property in Cambridge is owner-occupied.
I help buyers buy and sellers sell in Cambridge and Somerville, MA. Here to help you. Let's talk.
Call me at 617-733-8937 or email me.
See frequently asked questions and my answers to them at AskCharlesCherney.com
Check out the Cambridge Somerville Buy Sell Report at CharlesCherneyBuySellReport.com