The figures are contained in a report from CIPFA - the Chartered Institute of Public Finance and Accountancy.
The average tax for a mid-range (Band D) property in Cambridgeshire is£645.
Only three other counties in England levy a council tax under£700 - Oxfordshire£696, North Yorkshire£692 and Worcestershire£674. The average for all English counties is£738 - nearly£100 (14%) more than in Cambridgeshire.
County council leader Keith Walters said: 'Whilst I am pleased to see that Cambridgeshire's council tax is far and away the lowest of any English county, we must recognise the pressure all our services are under. This year we were again unable to allocate sufficient cash to schools, social services and road maintenance and all of these areas are desperately struggling to maintain quality services for the county's rapidly growing population.
'A recent government report has again confirmed that Cambridgeshire should be allocated more cash through the Area Cost Adjustment scheme. If the government fails to award us that cash, we may be forced to consider bringing council tax levels in Cambridgeshire more into line with the rest of the country to protect our services.'
- Average Council Tax levels in surrounding counties for a Band D property are: