taxes
3 mins read
Council approves tax increase, warns of difficult budget season ahead
During Monday night’s city council hearing, councillors voted unanimously in favor of the proposal put forward by City Manager Yi-An Huang to raise property tax rates by 6.9 percent for fiscal year 2027. The new rate is a smaller increase than in previous years, but with net combined property values decreasing for the second year […]
7 mins read
Cambridge recommends raising property taxes by 6.9%
Cambridge City Manager Yi-An Huang released a memo on Thursday announcing the proposed property tax rates for FY 2027. If passed by City Council, commercial properties will be taxed $16.99 per thousand dollars of value, and residential properties will be taxed at $6.95 per thousand dollars of value. This marks a 21 percent increase in […]