DEADLINE:  Cambridge Residential Exemption Application is JANUARY 20, 2012

NOTE:  Check with your city or town to understand eligibility requirements as they may for when the exemption becomes effective for the fiscal tax year.

Cambridge Residential Tax

The Cambridge Residential Tax Rate for FY 2012 is $ 8.48 per $1,000 of property assessed value.  Taxes are collected bi-annually in November & May.  To find the assessed value for a specific Cambridge property, visit the City of Cambridge Assessing Department website for the Property Database online.

Cambridge FY 2012 Property Tax Rates (per $1,000)
Residential  $ 8.48
Commercial  $ 20.76
Personal Property $ 20.76

Cambridge Residential Exemption

Several cities and towns in Massachusetts offer a “Residential Exemption” to homeowners who occupy their primary residence.  The Cambridge Residential Exemption valuation amount for 2012 is set at $198,085; which results in a tax savings of $1,679.76 for homeowners who qualify.  To qualify for residential tax exemption you must own and occupy your property as your principal residence as of January 1 of the current tax year.

Cambridge FY 2012 Residential Exemption:
Exemption Valuation Amount = $ 198,085
Tax Savings of $1,679.76
Bi-Annual Taxes are collected in November & May
Applications for Residential Exemption are due on:   January 20, 2012

Be sure to review the current Cambridge Residential Exemption Application for more details and program deadlines.

Cambridge Real Estate Tax History