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Residential Taxes

FY20 Residential Taxes in MA

FY20 Residential Taxes in MA

How does your current residential tax rate compare to nearby cities and towns? Cambridge, MA continues to offer one of the lowest residential tax rates in the Commonwealth at 5.75% (per $1,000 of assessed value). The annual residential exemption savings of $3,269.00 in Somerville, MA remains one of the most generous to homeowners living in…

MA Residential Tax FY19 Comparison

In Massachusetts, real estate taxes are set annually during the city/town budget process and require state approval.  A variety of personal exemptions are available; some offer a “Residential Exemption*” which lowers the tax burden for homeowners occupying their primary residence.  Verifying tax details from a trusted source is vital to accurately determine the overall cost…

FY18 Residential Taxes

The FY18 Residential Tax Rate* in Cambridge, MA is 6.29% and almost half the rate of neighboring Arlington, MA (12.13%).  But in Cambridge, homeowners occupying a primary residence may be eligible for the Cambridge Residential Exemption saving up to $2,132 annually! Home Buyer Beware:  Residential tax information provided in MLS Listings may not be accurate especially…