Boston residential exemption Last fiscal year, the residential exemption saved qualified Boston homeowners up to $2,719. Feb 19, 2025 · Mayor Wu and the City of Boston’s Age Strong Commission is hosting a series of in-person Property Tax Application Assistance Clinics to help Boston’s older residents find out which various cost savings they may be eligible for now through the end of March. Many people don't know that residential exemption can save Boston owners THOUSANDS of dollars per year! Here's what the exemption is, why and how to get it. The property tax is based on the value of the property. 09 on their tax bill. Boston tax rates Transparency of valuations in Boston Setting the tax rates Effective tax rates with the residential exemption I see an abatement application online but not a residential exemption form for my apartment since it currently has the residential exemption. Dec 18, 2024 · City councillors made quick work last Wednesday of setting Boston’s property tax rates for 2025 after a months-long campaign to shift the balance beyond normal limits collapsed in the Senate. If you are unsure whether you qualify for a tax exemption of any kind contact your Dec 11, 2024 · City councillors made quick work Wednesday of setting Boston’s property tax rates for 2025 after a months-long campaign to shift the balance beyond normal limits collapsed in the Senate. 1 Exemptions An exemption is a release or discharge from the obligation to pay all or a portion of a local property tax. gov. CPA exemption: Property Tax Relief Programs | Lincoln, MA - Official Website (lincolntown. Rather, the total tax reduction is offset by an increase in the residential tax rate which shifts the taxes not paid by eligible homeowners to higher valued homes, apartment buildings and residential properties not occupied by the owner. In fiscal 2018, business property represents 35. We have information related to exemptions and abatements in the City of Boston. The City of Boston ofers a residential exemption to homeowners who occupy their property as their principal residence. Sep 12, 2025 · A recent home rule petition expanded Boston's residential exemption. Jul 1, 2025 · If you qualify for the exemption, you may receive $1,000 in tax relief in Fiscal Year 2026. The City finances this fund in part by a 1% property tax-based surcharge on residential and business property tax bills, beginning in July 2017. 02 on their tax bill. Apply by April 1. of Relief a of residential programs qualified exemption, programs personal exemptions, programs Residen at boston. Clinics will be held across the city and support Boston residents age 60 and above for eligibility on property tax exemptions/deferral Question 5. City of BostonResidential & Commercial Tax Rates Jan 15, 2025 · Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. Zip: ______________ 02136 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. An individual may In Boston, for example, there is a residential exemption for property serving as the owner's principal residence from the January 1st preceding the fiscal year of your application. Every taxpayer in the City of Boston who owns residential property and occupies the property as their principal residence on January 1, 2016, may be eligible for the residential exemption in Fiscal Year 2017 (July 1, 2016 - June 30, 2017). The residential exemption reduces the tax bill by exempting a portion of your property value. Jan 19, 2023 · If the residential exemption does not appear on your Fiscal Year 2023 third quarter tax bill (recently mailed and due Feb. In Boston, Brookline, Cambridge, Chelsea, Marlboro, Somerville, Waltham, and Watertown large apartment populations exist who are paying for the residential exemption. Although to date it has not often been used, the Residential Exemption option seems to be generating a good deal of recent interest. 4% of the tax levy. The additional tax relief will NOT be granted if it will: make your final 2026 tax bill lower than your final 2025 tax bill, or reduce the taxable value of your property below 10 percent of the assessed value. Zip: ______________ 02128 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. This benefit is offered by the City of Boston in addition to the help you can get from other tax breaks available in the city and state. This is sometimes called “ad valorem,” a Latin term that means “to the value. The City will use this revenue to fund the following types of initiatives consistent with CPA guidelines: affordable housing historic preservation open space, and public recreation. In FY 2021, a residential property with an assessed value of $500,000 (receiving the residential exemption) paid approximately $13 in CPA tax-surcharge. What Is a Residential Exemption? Communities have several options that allow local officials to shift some of the tax burden from one group of taxpay-ers to another when setting their tax rates. Every taxpayer in the City of Boston who owns residential property as of January 1, 2023, and uses that property as their principal residence for their calendar year 2022 Massachusetts income taxes, may be eligible for the Fiscal Year 2024 residential exemption. Zip: ______________ 02126 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. This year due to national market conditions, the residential share of the levy spiked, resulting in residential taxpayers Zip: ______________ 02124 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. Jan 16, 2025 · The City’s tax levy is allocated between residential and commercial properties based on state law. Mayor Wu and the City Council have consistently prioritized residential taxpayers by keeping the residential share of the tax levy at the lowest amount allowed by law. Find out who qualifies, key deadlines, and how to apply. Zip: ______________ 02215 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. appears below, Information on be ial Exemption in residence. The proposal would reduce average property tax bills for single family, owner-occupied residences by $299. 79 this year. We also have information on boat and motor vehicle excise taxes, as well as boat mooring permits. For background, the apartment is in Boston and I live in this apartment. . Those assessments from the city were addressed to me but had the previous owner as the Taxpayers should use these forms and guides to apply for local tax abatements and exemptions and file property returns. Jan 19, 2023 · According to the City’s Residential Exemption application, “Every taxpayer in the City of Boston who owns residential property as of January 1, 2022 and uses that property as his or her principal residence for their calendar year 2021 for Massachusetts income taxes, may be eligible for the Fiscal Year 2023 residential exemption. This allows us to charge different rates for residential and A recent home rule petition expanded Boston's residential exemption. ” WHERE DOES THE TAX RATE COME FROM? The City of Boston operates under a property tax classification system. The residential exemption is a fixed value reduction off the assessment for qualified taxpayers, meaning all qualified taxpayers receive the same amount subtracted from their assessed value. Oct 7, 2025 · Learn how the Boston Residential Tax Exemption can save homeowners over $3,000. Feb 5, 2025 · Zip: ______________ 02115 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. Oct 30, 2025 · In Massachusetts, the estimated value of a property is called an assessment. Any advice or experience you have on this subject would be really appreciated. Thank you! Archived post. We would like to show you a description here but the site won’t allow us. By adopting the CPA, the City created a Community Preservation Fund that will be financed in part by a 1% property tax-based surcharge on residential and business property tax bills. The refiled home rule petition will help Boston’s residents as their property tax bills have increased due to national economic trends Residential tax exemptions including who may apply, what forms are required, and when must an application be filed. Clinics will be held across the city and support Boston residents age 60 and above for eligibility on property tax exemptions/deferral Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. You can submit an application by mail and in person. Oct 30, 2025 · If you want to file for a property tax exemption, you may have a couple of different options. Zip: ______________ 02135 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. In certain circumstances, you may be eligible if you obtained your principal residence on or before January 1 and June 30, 2024. Exemptions are established by the legislature for particular categories of property or persons and are generally found in G. Last fiscal year, qualified homeowners saved $3,984. Apr 7, 2025 · Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. Residential Exemption WHEREAS: The residents of the City of Boston are facing increasing financial pressures due to rising housing costs, property taxes, and other economic challenges; and Jul 1, 2025 · Through an exemption, the City releases you from paying part or all of your property taxes. This means that, for Fiscal Year 2022 (July 1, 2021, to June 30, 2022), homeowners who recorded a deed at the Suffolk County Registry of Deeds on or before June 30, 2021, may be eligible. Zip: ______________ 02113 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. The council also unanimously supported several public health funding initiatives, while discussions highlighted systemic racial inequities, surveillance concerns, and community safety funding. Jun 7, 2025 · Zip: ______________ 02128 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. Zip: ______________ 02119 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. gov/assessing. BOSTON - Mayor Martin J. Zip: ______________ 02127 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. Residential Exemption WHEREAS: The residents of the City of Boston are facing increasing financial pressures due to rising housing costs, property taxes, and other economic challenges; and Jan 1, 2025 · Zip: ______________ 02215 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. 1% of the total taxable value, but will pay 61. The City may grant you up to an additional $1,000 in tax relief. Learn how the residential exemption works, how to calculate its impact, and which communities have adopted it. The City of Boston Assessing Department is conducting a compliance audit on residential properties. Residential Exemption WHEREAS: The residents of the City of Boston are facing increasing financial pressures due to rising housing costs, property taxes, and other economic challenges; and Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. 58 per $1,000 of value and to set the commercial rate at $25. Feb 27, 2018 · Application Deadline Assuming you qualify, the deadline for filing an application for residential tax exemption in the City of Boston is April 2, 2018. The refiled home rule petition will help Boston’s residents as their property tax bills have increased due to national economic trends Zip: ______________ 02114 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. This year due to national market conditions, the residential share of the levy spiked, resulting in residential taxpayers Need clarity around the residential exemption and whether I actually need to worry about an unexpected tax liability. property homeowners. The council voted unanimously to set the residential tax rate at $11. 5 days ago · This calculator projects the estimated impact of adopting a Residential Exemption. 4%, or nearly $575 for the year and a 21% increase over the Zip: ______________ 02119 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. 59, § 5. Boston – The residential exemption reduces your tax bill by excluding a portion of your residential property’s value from taxation. Whether you need to change your mailing address or apply for a residential exemption, we have answers. Many towns and cities throughout Massachusetts offer tax exemptions of various kinds. org) Zip: ______________ 02128 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. 59, s. Nov 22, 2022 · Check property residential and personal exemption information Download abatement, residential, and personal property applications Find out the value, tax amount, and tax rate of each property View property value history of a parcel Find how much a property is being charged for Community Preservation Jan 1, 2025 · Find important sales and property data, or search your property using the Assessing Online portal. 5C, which allows a community to shift a portion of the tax burden away from certain lower valued residential properties to higher valued homes, most apartment buildings, and homes that are RESIDENTIAL EXEMPTION If you own and live in your property as a primary residence, you may qualify for the residential exemption. Jan 11, 2025 · Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. For the purpose of this exemption, the principal residence is the address from which your Massachusetts income tax return is fi led. And while we are hopeful that stakeholders and legislators will join us in delivering the relief our communities need, I want to share existing resources to help you save money on your property taxes right now; you might be eligible for one or all: Boston's Residential Exemption can reduce your property tax bill by up to $3,984. Last fiscal year, the residential exemption saved qualified Boston homeowners up to $3,984. c. An abatement is a reduction in your taxes. The document includes a list of municipalities with the exemption and its dollar impact, such as Boston, Brookline and Cambridge. The city council voted unanimously to set the residential tax rate at $11. Jan 13, 2025 · Mayor Michelle Wu today introduced an expanded residential tax relief package aimed at providing financial assistance to Boston residents impacted by sharp increases in their Fiscal Year 2025 third-quarter property tax bills that were sent out on January 1st. deferrals. L. The Residential Exemption is a local option authorized by M. Latest updates: We are now in Fiscal Year 2026, which runs from July 1, 2025, through June 30, 2026. Somerville’s residential exemption is the highest in the Commonwealth. Ch. Boston homeowners enjoy a very favorable property tax situation due primarily to the City’s 35% residential exemption and its shifting of the property tax burden to business property through its maximum application of classification. Last fiscal year, qualified homeowners saved $3,153. OFFERED BY COUNCILOR TANIA FERNANDES Ai ERSON, BREADON, COLETTA, DURKAN, LOUIJEUNE, MEJIA AND WORRELL City of BostonResidential & Commercial Tax Rates OFFERED BY COUNCILOR TANIA FERNANDES Ai ERSON, BREADON, COLETTA, DURKAN, LOUIJEUNE, MEJIA AND WORRELL City of BostonResidential & Commercial Tax Rates In Boston, the residential exemption can be between 0% and 30% of the average value of all residential property in a city or town. Dec 11, 2024 · In a recent meeting, the Boston City Council approved crucial fiscal year 2025 tax classification measures, providing maximum residential exemptions to alleviate the tax burden on homeowners. CHAPTER 7 PROPERTY TAX EXEMPTIONS MODULE 1. Which is why, last month, I introduced an expanded residential tax relief package, which must be passed by the state legislature, to provide financial Laws, cases, and web sources on property tax law, with links to forms for applying for property tax exemptions, deferrals, abatements, and land classification, as well as information about the tax title process when a municipality takes ownership of a property because of unpaid property taxes. Sequence of events: I bought my condo in late April 2023 and started receiving the preliminary real estate tax assessments for FY24 that were in line with the residential exemption. If you have questions about the Residential Exemption or want to know about our Personal Exemptions for the blind, disabled veterans, or seniors, please contact our Taxpayer Referral and Assistance Center at 617-635-4287 or email our staff at TRACFAXSG@boston. 21 on their tax bill. Oct 30, 2025 · An abatement is a reduction in your property taxes. Discover how appraisers help homeowners save with accurate assessments. Jan 9, 2025 · Zip: ______________ 02136 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. Boston is not the only municipality to offer residential tax exemptions. Sep 12, 2025 · The residential exemption reduces your tax bill by excluding a portion of your residential property’s value from taxation. Dec 11, 2024 · City councilors made quick work Wednesday of setting Boston's property tax rates for 2025 after a months-long campaign to shift the balance beyond normal limits collapsed in the Senate. Jul 1, 2025 · Through an exemption, the City releases you from paying part or all of your property taxes. Learn how the Boston residential tax exemption and property tax abatements can lower your taxes. Walsh today announced a proposal to increase Boston's residential property tax exemption for the first time since 2000. 1), you may still file an application by April 3 for the fiscal year 2023 exemption. The City of Boston offers a residential exemption to homeowners who occupy their property as their principal residence. Every effort is being made to identify and assist taxpayers who may qualify for this exemption and to eliminate those who do not. For example, if the average value of a home was $180,000, the residential exemption could range from $0 to $54,000 of value. 1 The Residential Exemption applies a discount to the as-sessed value City of BostonResidential & Commercial Tax Rates Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. Jan 31, 2020 · If you own a home in the city of Boston, you may qualify for a residential tax exemption on your property taxes saving up to $2,879. Oct 30, 2025 · By adopting the CPA, the City has created a Community Preservation Fund. Dec 16, 2016 · How to File for a Residential Tax Exemption Every taxpayer who owns residential property in the Greater Metro Boston area and has occupied the property as their primary residence may be eligible for a residential tax exemption for the current fiscal year. Nov 22, 2022 · Check property residential and personal exemption information Download abatement, residential, and personal property applications Find out the value, tax amount, and tax rate of each property View property value history of a parcel Find how much a property is being charged for Community Preservation Jan 23, 2025 · Zip: ______________ 02127 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. Increasing the residential exemption will keep Boston's taxes competitive with other communities, as the average residential tax bill in Boston will fall 38 percent below last year's statewide average of $5,247. It is not too late to save on your Fiscal Year 2023 Boston Real Estate Taxes! Access property tax and assessment information for Boston by searching with parcel numbers on this platform. The assessed value is the dollar amount used to decide how much you will have to pay in property taxes. In certain circumstances, you may be eligible if you obtained your principal residence on or before January 1 and June 30, 2023. 96 per […] Jan 15, 2025 · Zip: ______________ 02128 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. G. PAGE SECTIONS The residential exemption reduces your tax bill by excluding a portion of your residential property’s value Below is a list of the Greater Boston municipalities that offer a residential exemption, along with each municipality’s deadline for FY2025 (they are all March 31 or April 1), and links to instructions & applications. Homeowners who obtain their homes before July 1 may now qualify for the current Fiscal Year. Nov 17, 2022 · Information We can help explain tax bills, abatements, and exemption programs. Jan 1, 2025 · Zip: ______________ 02126 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. Boston is the only municipality which allows for owner occupancy after January 1, 2024 (but still must be before July 1, 2024). Jan 31, 2017 · The residential exemption does not reduce the residential share of the tax levy for the fiscal year. Mar 29, 2021 · A breakdown of how the City of Boston Residential Tax Exemption works and how it can save homeowners a substantial amount of money on their annual real estate taxes Zip: ______________ 02127 Every taxpayer in the City of Boston who owns residential property as of January 1, 2023, and uses that property as their principal residence for their calendar year 2022 Massachusetts income taxes, may be eligible for the Fiscal Year 2024 residential exemption. This audit is intended to maintain and ensure the integrity of the residential exemption system. org) Residential exemption: Residential Tax Exemption Program | Malden, MA (cityofmalden. 0 OVERVIEW AND DEFINITIONS 1. 96 per […] The residential exemption is an important tool that provides support to the middle class in the City. Feb 2, 2025 · The shifts among residential properties are dispersed across neighborhoods and residential property types, but the shifts among residential properties do not appear to be wider than in the last revaluation in FY21. The exemption will typically appear as a credit applied to your 4th quarter tax bill. Jan 13, 2025 · Boston Mayor Michelle Wu filed a new tax relief proposal Monday that she says would help residents withstand significant residential property tax spikes, potentially with the help of tax rebates. The residential exemption (tax break) excludes part of your home’s assessed (estimated) value. Metro Housing Boston HomeBASE Service area: Greater Boston HomeBASE program for families (comprehensive housing services) List of shelters for individuals Information on emergency services beyond housing (health, food, cash) Jan 13, 2025 · According to the mayor’s office, the tax bill for the average single-family home receiving a residential exemption increased by 10. AGE+ Age Strong Commission abord Water and Sewer Comission Civic Organizing Home Center Assessing B Worker Empowerment $ $ $ Hello Boston! lready, it felt like you were barely hanging on. Zip: ______________ 02134 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. Zip: ______________ 02125 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption. Jan 3, 2025 · Zip: ______________ 02128 Every taxpayer in the City of Boston who owns residential property as of January 1, 2024, and uses that property as their principal residence for their calendar year 2023 Massachusetts income taxes, may be eligible for the Fiscal Year 2025 residential exemption.