What is the residential tax rate in Somerville, MA?
Charles Cherney
Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...
Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...
What is the 2023 residential tax rate in Somerville, MA?
What is the 2023 residential tax rate in Somerville, Massachusetts?
For 2023, the residential tax rate in Somerville, MA is $10.34 per $1,000 of assessed value.
The 2023 Somerville residential tax rate of $10.34 per $1,000 of assessed value is an increase of 16 cents from 2022. (The 2022 tax rate was $10.18 per $1,000 of assessed value.)
The Fiscal Year is July 1 to June 30.
Taxes collected quarterly in August, November, February, and May.
For fiscal year 2023 the Somerville residential exemption is $378,203.
The full residential exemption reduces a Somerville homeowner's taxes by $3,910.62 in 2023.
The residential exemption is for owners who reside in their Somerville property.
CLICK HERE to enter the Somerville online assessor's database and look up any residential property
CLICK HERE for answers from the City of Somerville to frequently asked questions about assessing