5 ms·
In my municipality I'm not aware of a difference between multifamily vs single family, but there aren't many single families anyways. Property tax is absurdly l
by helen___keller 5y ago
In my municipality I'm not aware of a difference between multifamily vs single family, but there aren't many single families anyways. Property tax is absurdly low, with a very nice deduction for owner-occupied units. My effective tax rate is around 0.3%
(Municipality: Cambridge, MA)
- madars 5y agoCambridge is atypical: it has tons of biotech, FAANG offices, etc to tax, so the city ends up having one of the lowest residential property tax rates in the state. In fact, Cambridge's residential rate is almost 2x less than those of each of its neighbors (Arlington, Belmont, Boston, Somerville, Watertown. https://joeshimkus.com/MA-Tax-Rates.aspx https://joeshimkus.com/MA-Tax-Rates.aspx)
- helen___keller 5y agoyep, and to GP's point when i was looking for housing, my budget was higher in cambridge for precisely this reason