East Cambridge, Massachusetts Property Taxes
The median property tax rate in East Cambridge, MA is 0.59%, significantly lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With a median home value of $973,700 in East Cambridge, the typical annual property tax bill amounts to $5,706, which is still substantially higher than the national median of $2,690. Property taxes in East Cambridge are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences. Understanding East Cambridge's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of East Cambridge or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Cambridge, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$5,745
$5,331
Ownwell’s East Cambridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Cambridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Cambridge to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across East Cambridge, Massachusetts
Property taxes in East Cambridge, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Cambridge is 0.59%, considerably lower than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within East Cambridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Cambridge estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares East Cambridge's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 02141 has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with East Cambridge provides valuable insights into the varying tax landscape across Middlesex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Cambridge Tax Rate
0.59%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Cambridge, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02141 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across East Cambridge, Massachusetts
In East Cambridge, Massachusetts, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Middlesex County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In East Cambridge, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in East Cambridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in East Cambridge is $973,700, with the highest and lowest median tax bills being $5,706 in the 02141 zip code.
Property Tax Assessment Values Across East Cambridge, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average East Cambridge Assessed Value
$973,700
Average Middlesex County Assessed Value
$633,600
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Cambridge, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02141 | $503,420 | $713,900 | $973,700 | $1,413,100 | $1,609,760 |
Source: Ownwell
Property Tax Bills Across East Cambridge, Massachusetts
In East Cambridge, located in Middlesex County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $973,700, significantly higher than the national median. Property taxes are influenced by several factors, including property size, location, and market conditions. The tax bill for homeowners in East Cambridge varies widely, with the 25th percentile paying around $4,183 and the 75th percentile paying approximately $8,281. Those in the 90th percentile see tax bills as high as $9,433. The highest and lowest median tax bills in the area both stand at $5,706, which is higher than the national median property tax rate of 0.99%. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life in East Cambridge. Homeowners should be aware of these costs when budgeting for property ownership, as they can significantly affect annual expenses.
Average East Cambridge Tax Bill
$5,706
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across East Cambridge, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02141 | $2,950 | $4,183 | $5,706 | $8,281 | $9,433 |
Source: Ownwell