02141 Property Tax Rate

Property owners in ZIP code 02141 (Cambridge, Massachusetts) pay a median of $3,286/year in property taxes on homes valued at $892,600. This translates to an effective tax rate of 0.37%, which is 67% below the Massachusetts state average of 1.13%.

The monthly property tax burden for a median-valued home in 02141 is approximately $274, which factors into escrow payments on mortgages. This ZIP code is located within Middlesex County. This is $2,446 less than the Massachusetts average of $5,732/year.

Compared to similar ZIP codes in Massachusetts, 02141 has lower property taxes. ZIP codes with similar effective rates include 02140 (0.39%) and 02713 (0.40%).

In Cambridge, property taxes represent approximately 2.7% of the median household income of $120,542, providing context for the relative tax burden on homeowners in this area.

Massachusetts Chapter 59 offers senior (65+), veteran, and widow exemptions reducing assessed value by $800–$3,000 on Middlesex County properties, with income limits varying by municipality. File your exemption application with the Middlesex County Assessor by April 1 each year if you own and occupy your primary residence. Contact the Middlesex County Assessor's office within 30 days of closing to obtain the application and confirm your municipality's specific exemption amounts and income thresholds.