News

Check out market updates

FY16 Residential Tax Comparison

Residential tax rates vary significantly across cities and towns in the Commonwealth of Massachusetts, as do the availability of Residential Exemptions (be sure to visit the website for each city or town assessor to find all possible tax exemptions for those who qualify).  Below is a brief summary of the residential tax rates for Arlington, MA; Belmont, MA; Cambridge, MA; Medford, MA and Somerville, MA:

Arlington, MA FY16 Residential Tax Information

  • Residential Tax Rate: $ 12.80 per $1,000 of property assessed value
  • Fiscal Year: July 1 to June 30
  • Taxes Collected: Quarterly in August, November, February, May
  • Residential Exemption? No

Town of Arlington, MA Assessing Dept.

Belmont, MA FY16 Residential Tax Information

  • Residential Tax Rate: $12.56 per $1,000 of property assessed value
  • Fiscal Year: July 1 to June 30
  • Taxes Collected: Quarterly in August, November, February, May
  • Residential Exemption? No

Town of Belmont, MA Assessing Dept.

Cambridge, MA FY16 Residential Tax Information

  • Residential Tax Rate: $6.99 per $1,000 of property assessed value
  • Fiscal Year: July 1 to June 30
  • Taxes Collected: Bi-Annually in November and May
  • Residential Exemption? Yes
    • Residential Exemption Valuation of $ 277,937
    • Residential Exemption Tax Savings up to $1,942.78

City of Cambridge, MA Assessing Dept.

Medford, MA FY16 Residential Tax Information

  • Residential Tax Rate: $11.19 per $1,000 of property assessed value
  • Fiscal Year: July 1 to June 30
  • Taxes Collected: Quarterly in August, November, February, May
  • Residential Exemption? No

City of Medford, MA Assessing Dept.

Somerville, MA FY16 Residential Tax Information

  • Residential Tax Rate: $ 12.53 per $1,000 of property assessed value
  • Fiscal Year: July 1 to June 30
  • Taxes Collected: Quarterly in August, November, February, May
  • Residential Exemption? Yes
    • Residential Exemption Valuation of $ 209,403
    • Residential Exemption Tax Savings up to $2,623.82

City of Somerville, MA Assessing Dept.

Leave a Reply

Your email address will not be published.