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taguscove t1_jds3le6 wrote

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

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fun_guy02142 t1_jdtjuq3 wrote

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.

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kobeyashidog t1_jdw4ks4 wrote

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

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