Boston Residents: Have you claimed your Residential Exemption?

Owning a home and living in Boston have many perks! One of those perks is our low tax rate. Did you know that if you own and live in your property as a primary residence, you qualify for Boston’s exemption?

Here are a few key facts:

  • For Fiscal Year 2018, you have until April 2, 2018, to file an application
  • This year, the residential exemption saves qualified Boston homeowners up to $2,538.47 on their tax bill
  • To qualify for any exemption, you need to show that you have an ownership interest in the property.
  • You need to have owned and lived in your home as your primary residence on January 1 before the current fiscal year. For example, to be eligible for Fiscal Year 2018 (July 1, 2017 to June 30, 2018), you need to have owned and occupied your property as your primary residence on January 1, 2017.
  • The city will apply the exemption amount to your third-quarter tax bill that is issued in late December.

Thanks Boston, we appreciate the tax savings! Aren’t sure if you’re currently receiving your Residential Exemption? You have an online record with the City of Boston’s assessing office – it’s public record.

Just search for your property here: City of Boston Assessor 

Want to file your application? Start here

What other towns offer a Residential ExemptionCambridge  and Brookline and Somerville

*Brookline’s residential exemption is actually calculated differently, it’s a percentage of the total assessed value of a home, not exceed 20%