Happy New… Taxes!

Don’t worry — this has nothing to do with the “fiscal cliff” that we’re all so sick of hearing about… simply a posting of our residential property tax rates for 2013. Numbers reflect rate per $1,000 of a home’s assessed value.

CAMBRIDGE — $8.66 with a residential exemption savings of $1,755.37 (If you own a home in Cambridge, say YEEHAW! because our taxes are low, low, low thanks to our #1 tax payer, MIT, as well as all of the various pharma and tech companies based here.)

Important: if you bought a home in Cambridge last year and haven’t already done so, don’t forget to file your residential exemption application no later than January 20, 2013!

Download Cambridge Residential Exemption Application Form Here.

SOMERVILLE — $13.42 with a residential exemption savings of $1,885.97

Important: if you bought a home in Somerville last year and haven’t already done so, don’t forget to file your residential exemption application no later than April 1, 2013!

Link to Somerville Residential Exemption Application Form Here.

And here’s how Cambridge & Somerville’s taxes compare to other local cities/towns’ 2013 rates:

  • ARLINGTON — $13.61 — no residential exemption available
  • BELMONT — $13.33 — no residential exemption available
  • BOSTON — $13.14 with a residential exemption savings of $1,724.47
  • BROOKLINE — $11.65 with a residential exemption savings of $1,954.2
  • MEDFORD — $12.36 — no residential exemption available
  • WATERTOWN — $14.68 with a 20% residential tax exemption

2013-Happy-New-Year

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