top of page

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!

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!

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

  1. ARLINGTON — $13.61 — no residential exemption available

  2. BELMONT — $13.33 — no residential exemption available

  3. BOSTON — $13.14 with a residential exemption savings of $1,724.47

  4. BROOKLINE — $11.65 with a residential exemption savings of $1,954.2

  5. MEDFORD — $12.36 — no residential exemption available

  6. WATERTOWN — $14.68 with a 20% residential tax exemption


bottom of page