What is the Somerville, MA Residential Tax Exemption? [2021]
The Somerville residential tax exemption is the highest in Massachusetts.
What does residential tax exemption mean?
A residential tax exemption is a property tax reduction intended to encourage owner occupancy. Properties that are the primary residence of the owner are taxed at a lower rate.
The residential tax exemption for Somerville, MA
Somerville’s residential tax exemption is 35% of the average assessed value of all Class One, residential parcels. In 2021 that means a tax savings of $3,455.
Property tax rates for Somerville, MA [2021]
The Somerville property tax rate for 2021 is $10.19 per $1000 of assessed value.
Where to learn more about filing property taxes in Somerville
You can learn more about Somerville property taxes on the City Assessor’s Portal.