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	DanaSchaefer.com  Bell & Fandetti Cambridge Townhouse  SIGN UP FOR DAILY PROPERTY UPDATES  SEARCH FOR PROPERTY HERE!  Mortgage Calculator  Contact Me  Client Login and Unsubscribe  Real Estate Sales Dana Schaefer | REALTOR Compass Real Estate Visit my Websites! DanaSchaefer.com Bellfandetti.com Cell Phone: 617.797.5293 Email: dana.schaefer@compass.com Privacy Policy			Cut Your Property Taxes in Boston, Cambridge, Somerville, Watertown, Brookline, Waltham and Chelsea by applying for the Residential Exemption tax credit. The following Cities and Towns offers a residential exemption to property that serves as a property owner’s principal residence. To be eligible, the owner must occupy their property as their principal residence. The value of the exemption is subtracted from the total full valuation. You must apply for the exemption by the deadline and show proof of residency for a fiscal year. Please refer to your specific City's website for details. City of Boston Residential Exemption and Abatement information City of Boston residential exemption The City of Boston offers a residential exemption to property that serves as a property owner's principal residence. To be eligible the owner must occupy their property as their principal residence on January 1 preceding the fiscal year for which they are applying. A fiscal year runs from July 1 to the following June 30th. Please follow the link to the city of Boston's website for more details. The value of the exemption is subtracted from the total full valuation. Residential exemption is $1,763.84 Tax Rates (per $1,000) Residential tax rate $12.58 Abatement Procedure City of Boston abatement An abatement is a reduction of property tax. It may be based on a reduction in the assessed value of taxable property if the assessed value is considered too high. City of Cambridge Residential Exemption and Abatement information City of Cambridge residential exemption Tax Rates (per $1,000) Residential tax rate $8.38 Tax Savings from Residential Exemption $1,807.14 Abatement Procedure City of Cambridge abatement An abatement is a reduction of property tax. It may be based on a reduction in the assessed value of taxable property if the assessed value is considered too high. City of Somerville Residential Exemption and Abatement information City of Somerville residential exemption Tax Rate **** Residential is $12.66 per $1000 Residential Exemption $1,907.53 Town of Brookline Residential Exemption and Abatement information Town of Brookline residential exemption Tax Rates (per $1000) Residential $11.39 residential exemption savings: $1,994.70 The Board of Selectmen have adopted a residential exemption for qualified taxpayers of $175,127 in value off of assessed value. City of Watertown Residential Exemption and Abatement information City of Watertown residential exemption Tax Rates (per $1000) Residential $14.96 residential exemption savings: $1,277.75 City of Chelsea Residential Exemption and Abatement information Tax Rates (per $1,000) The 2016 tax rates have been approved by the Department of Revenue. Residential tax rate per $1000 = $14.88 Residential Exemption is $758.57 accessors data base.
Dana Schaefer,  Realtor® Compass Real Estate C: 617.797.5293 | dana.schaefer@compass.com  •When attending Open Houses or Development Sales Centers, remember to sign in my name or give them my business card so I can represent you as your buyer's agent•