Boston offers a residential tax exemption for those who own and occupy their property as their primary residence. This exemption reduces your tax bill by excluding a portion of the assessed value of the property from taxation. Read more here.
The residential tax rate for properties in Boston is $10.56 per $1,000 of assessed value for the fiscal year 2019-2020, according to the city of Boston's website. This year (as of May 23rd, 2021), the residential exemption saves qualified Boston homeowners up to $3,153.02 on their tax bill.
If you believe that you may qualify for a residential exemption, you must file an application with the assessing department by April 1. For more information on eligibility requirements, contact the Taxpayer Referral and Assistance Center or the City of Boston Assessing Department.
If you have questions about homeownership and how this may have an impact on your real estate taxes, don't hesitate to reach out!