Exemptions

An exemption is a release from the obligation of having to pay taxes on all or part of a parcel of real property.

Personal
Personal exemptions are a reduction in taxes due to a particular personal circumstance and qualifications set forth in the Massachusetts general laws.

Residential
Taxpayers who own and occupy their home can save on their tax bill by having a portion of their tax bill exempted from taxation. To qualify for the residential exemption, homeowners must own and occupy their home on January 1.

Statutory
In order for an organization to procure exemption from local property taxes, the entity must take steps to ensure its eligibility.