You apply once. The tax year after you owner occupied for a full year. Yep, pretty much a free $3k reduction in property tax. A million dollar condo only has about a $5k annual property tax

Cambridge actually spends a lot in services. For example $28k per year spent per student vs $20k per student in lexington. Cambridge has a huge commercial tax base

Wait where do you apply for this?

It’s a great service. If the property is your primary residence, the city knocks almost $500,000 from the assessed value of the property.

Here is a summary overview of Cambridge residential property taxes - https://charlescherney.com/blog/posts/2017/04/03/ask-charles-cherney-question-46-what-is-the-residential-tax-rate-in-cambridge-ma/

Yes on the assessors website. I believe this kicks in if you sign up and after being there for a year? Anyone know if this is true? It’s also only for owner occupied