According to the US Census Bureau, the average annual income for households in Virginia was $61,210 in 2008. This is over the national average of $52,029.
Annual property tax bills are mailed in early October of each year. The bill is payable in two installments. The first installment is due on November 1 and is delinquent if the payment is not received by 5:00 p.m. or postmarked by December 10; a 10% penalty is assessed for delinquent payments.
The City of Cambridge FY2015 real estate and personal property tax bills will be mailed on October 17, 2014. The first half portion is due and payable on November 17, 2014. The second half portion most likely will be due and payable on May 1, 2015. Pay Real Estate and Personal Property Tax bills online for a convenience fee. Learn More. Overvaluation abatement applications are due November 17, 2014. Learn more about the overvaluation abatement and to download an abatement application form.