FY24 Understanding Your Taxes Newsletter
The establishment of the Fiscal Year 2024 (FY24) property tax rate by the Board of Assessors, subject to the approval of the Massachusetts Department of Revenue, is the final step in the fiscal process that begins with the submission of the annual budget to the City Council. The City’s Operating and Capital Budgets, property classifications, and property valuations are major factors in determining property tax bills.
FY26 Property Tax Update
This newsletter explains your property tax bill in detail and provides some answers to some frequently asked questions. This newsletter also contains information about property tax exemptions and tax deferrals that may help you reduce or defer real estate taxes.
PB Cycle 9
The City of Cambridge launched the 9th Cycle of Participatory Budgeting (PB9) in 2022. Between June and July, community members submitted 1,320 ideas for how to spend $1 million on one-time capital projects to improve Cambridge. From August through November, volunteer PB Delegates researched all submitted project ideas and developed the final proposals for the PB9 vote.