InfiniteState t1_irbuagd wrote
Tax rates, per $1,000 of value:
| Cambridge | Boston | Brookline -- | -- | -- | -- Residential | $5.86 | $10.56 | $10.19 Commercial | $10.38 | $24.92 | $16.56
Does anyone know what the Cambridge rates are so low compared to neighboring cities? Is it because we have so much pharma and tech offices and labs?
ChrisSlicks t1_irbzi8n wrote
High property values and lots of alterative revenue streams.
I'm on the outer 495 belt these days, our tax rate is $15.77. Valuations keep going up, so likewise so do our taxes. If property prices take a dip they will cry poor and raise the rate again, this has been the cycle for many years. Tax rate used to be around $12.
noob_tube03 t1_irbzssg wrote
Cambridge discloses the top 10 list of biggest tax payers, and it's who you expect. So there might be some correlation
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