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.
Reduce and Reuse
“Reduce, Reuse, Recycle” is in order of importance. It is better to reduce than reuse; better to reuse than recycle.
Reducing and reusing prevent the environmental impact of making new items. All disposal has financial costs to the city. Recycling and composting cost the City less than trash. Still, preventing waste in the first place is best for Cambridge and the environment. It is one of the key recommendations in the Cambridge Zero Waste Master Plan.