Cambridge Assessor Database (2024)

FAQs

What is the property tax rate in Cambridge, MA? ›

For fiscal year 2024, the residential tax rate in Cambridge, MA is $5.92 per $1,000 of assessed value. The 2024 residential tax rate in Cambridge reflects an increase from 2023 of 6 cents per $1,000 of assessed value, or 1%. For fiscal year 2024, the residential exemption is $493,012.

The population of Cambridge, Massachusetts is 118,403 according to the 2022 census. That's approaching the peak population of 120,740 in 1950 before Cambridge's population declined to just 95,000 over the next three decades. It's part of the Greater Boston area with a metro population of 4.9 million.

Data provided by the U.S. Census Bureau. 116,892 people call Cambridge home. The population density is 18,274.45 and the largest age group is between 25 and 64 years old.

The highest FY2023 residential tax rate is Longmeadow ($22.92) while the lowest FY2023 residential tax rate is Edgartown.

The lowest average single-family tax bill is in Hanco*ck, at just $786, the only community with an average below $1,000. The town is followed by Rowe at $1,370; Florida at $1,548; Monroe at $1,569; and Erving at $1,907. You can see the full list of residential property tax rates by municipality below.

According to the latest information from Lexington's Assessors, 14 communities in Massachusetts offer a “residential exemption” under Massachusetts General Laws Chapter 59, Section 5C: Barnstable, Boston, Brookline, Cambridge, Chelsea, Everett, Malden, Nantucket, Provincetown, Somerset, Somerville, Tisbury, Waltham and ...

This will depend on your current housing benefit entitlement. However your maximum eligible rent will reduce by 14% if you are under-occupying by one bedroom and by 25% for two or more bedrooms.

Why is Cambridge, MA so expensive? ›

Cambridge, MA is the home to Harvard University, MIT, plenty of scientific institutes, and a huge startup scene. So, it's no surprise that it's a somewhat expensive place to live.

How racially and ethnically diverse is Cambridge? The 2020 U. S. Census found that 57.3% of Cambridge residents were White, 10.6% Black, 19.2% Asian or Pacific Islander, 3.4%% classified themselves as a member Some Other Race, and 9.2% identify with two or more races.

Poverty & Diversity

12.1% of the population for whom poverty status is determined in Cambridge, MA (12.6k out of 103k people) live below the poverty line, a number that is lower than the national average of 12.5%.

A significant proportion of people in the city are on low incomes and are currently struggling. In 2020/21, 9% of working age households were claiming Council Tax Support and the fuel poverty rate in Cambridge (11% of households) is higher than the national average (10%).

The complainant, who is not named, alleged that, contrary to Liggett's claims otherwise, the city increased taxes this year by 7.17 percent, more than double the 3.4 per cent rate of inflation at the time of the February 2024 budget.

Tax rates in Massachusetts are determined by cities and towns. They are expressed in dollars per $1,000 of assessed value (often referred to as mill rates). For example, if your assessed value is $200,000 and your tax rate is 10, your total annual tax would be $2,000.