Cambridge v. Somerville: Comparing Housing Costs with Property Taxes
Anyone shopping for a home in Cambridgeville knows that you generally get more bang for the buck when buying a home in Somerville than in Cambridge. For example, the average price of a Somerville condo last year was $518,875, while in Cambridge, the average price was $657,750. On the other hand, Cambridge’s taxes are the lowest of any city in the state, at a rate of just $7.82 per $1,000 of a home’s assessed value, compared to Somerville’s rate of $12.61. Both cities have res