Archive for the 'Tax Assessment' category

I get asked about tax exemptions and tax rates for the Boston area several times a year - naturally, my clients want to know what the rates are and what they will saving if they own their home in certain areas! Here's a quick look at how you are taxed and residential exemptions:

BOSTON:

Boston Residential Real Estate: $12.79 per $1,000 assessed value
Boston Commercial Real Estate: $31.02 per $1,000 assessed value
Residential Exemption (what you are discounted when this is your primary residence): $1,594.85

BROOKLINE:

Residential: $11.30 per $1,000 assessed value
Commercial: $18.30 per $1,000 assessed value
Residential Exemption: $1,837.46

CAMBRIDGE:

Residential: $8.16 per $1,000 assessed value
Commercial: $19.90 per $1,000 assessed value
Residential Exemption: $1,601.00

SOMERVILLE:

Residential: $12.71 per $1,000 assessed value
Commercial: $21.21 per $1,000 assessed value
Residential Exemption: $1,738.02

Here's a link to referencing more info about Residential Tax Exemption in Boston.

To discuss in greater detail, or any Boston real estate questions or real estate search in the Boston area, let me know!

Paul@bostonlofts.com

The City of Boston has recently advised you of your 2010 assessed value.  If for some reason, you feel that your new value has been unjustly inflated, apply before February 1 for an abatement.  The website link is http://www.cityofboston.gov/assessing/abatement.asp

You must file for your abatement prior to February 1, but then you have 30 days to submit the Information Requisition Form.  Contact me at dgiacobbi@bradvisors.com if you would like assistance in this process.