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(State Tax Form 3ABC) approved by the Commissioner of Revenue under G.L. Ch. 58 31. ... reproduced by your office and distributed to organizations currently .

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ing to the latest information from Lexington's Assessors, 14 communities in Massachusetts offer a “residential exemption” under Massachusetts General Laws Chapter 59, Section 5C: Barnstable, Boston, Brookline, Cambridge, Chelsea, Everett, Malden, Nantucket, Provincetown, Somerset, Somerville, Tisbury, Waltham and ...

Massachusetts laws Includes clauses for real estate tax exemptions for blind persons, qualifying senior citizens, qualifying surviving spouses, minor children and elderly persons, qualifying veterans, and religious and charitable organizations.

Massachusetts state law establishes a number of programs which provide property tax relief (or exemptions) to qualifying persons. These typically apply to people who are over 70, surviving spouse, disabled veterans, and/or blind. Contact the Assessing Department if you think you might qualify.

The average residential property tax rate in Massachusetts in 2023 is $13.20. The community with the highest increase between 2022 and 2023 was Petersham, which went from $13.54 to $15.79. The largest decrease was seen in New Salem, whose rate went down from $18.92 to $15.35.

If you own and live in your property as a primary residence, you may qualify for the residential exemption. The residential exemption reduces your tax bill by excluding a portion of your residential property's value from taxation.

The City of Boston operates on a fiscal year that starts on July 1 and ends on June 30. For Fiscal Year 2023, the maximum portion exempt from taxation is $321,834.26. At a rate of $10.74 per thousand, this translates to a potential savings in real estate taxes of $3,456.50.

What is it? 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. The assessment amount is a percentage of the average residential value of the community.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232