Reassessment Project

After nearly 40 years of residential rent control, the abolishment of rental caps resulted in a major building boom throughout the City. An estimated $1.8 billion was added to the value of Cambridge’s housing stock over this period due to both direct and spillover impact of rental decontrol on property values. In order to capture this added value, we were retained to a complete city-wide property inspection of formerly rent controlled properties. These properties were then appraised at market value resulting in a significant increase in the value of residential property with the corresponding benefit of more equitable assessments.