The Somerville Residential Tax Rate for FY 2012 is $ 13.09 per $1,000 of property assessed value.  Taxes are collected quarterly in August, November, Feburary & May.  To find the assessed value for a specific Somerville property, visit Assessor’s Database at the City of Somerville Assessing Department online.

Somerville FY 2012 Property Tax Rates (per $1,000)

Residential  $ 13.09

Commercial  $ 21.85

Somerville Residential Exemption

Several cities and towns in Massachusetts offer a “Residential Exemption” to homeowners who occupy their primary residence. The Somerville Residential Exemption valuation amount for 2012 is set at $137,481; which results in a tax savings of $1,799.63 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.

Somerville FY 2012 Residential Exemption:

Exemption Valuation Amount = $ 137,481

Tax Savings of $1,799.63

Quarterly Taxes are collected in August, February, November & May

Somerville Residential Exemption Application Form (Link to City of Somerville Forms Library).

Somerville Real Estate Tax History