LRG Boston Real Estate Blog

As if we do not pay enough taxes, the city of Boston has raised the tax rate in 2012 to:

• $13.04 per $1,000 of valuation for Residential.
• $31.92 per $1,000 of valuation for Commercial

Now for some good news. In 2012, qualified homeowners can expect to save $1,644.28 on their tax bill.  What qualifies someone to receive this residential exemption? As defined by the City of Boston:

“The principal residence is the address from which you file  your State income tax return.  Your social security number will be required to verify eligibility.”

If you think your home is assessed to high, you can always file an abatement with the City.  The proper forms can be found by clicking here.

This entry was posted on Monday, January 16th, 2012 at 2:26 pm and is filed under Lessons Learned 101, Role of Real Estate Attorney. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.