Exemptions

Exemptions

Overview on Exemptions:

An exemption is a release or discharge from the obligation to pay all or a portion of a local property tax. Exemptions are established by the legislature for particular categories of property or persons and are generally found in General Laws Chapter 59 Section 5. Exemption is a privilege and any claimant must demonstrate that it clearly qualifies.

Exempt Persons:

Persons who may qualify for exemptions include disabled veterans, blind persons, surviving spouses, and seniors.

Qualification Date:

Exempt status is determined as of July 1st. Ownership, occupancy, use, age or any other eligibility criteria must be met as of that date.

Filing Date:

Exemption applications must be filed with the assessors on or before December 15th or 3 months after actual (not preliminary) tax bukks are mailed for the fiscal year if later.


Town of Reading Eligibility Requirements for Personal Real Estate Exemptions

Bold indicates a change from prior years.

ClauseBasic QualificationsMaximum IncomeMaximum Assets
other than domicile
Exemption Amount
     
Elderly:    
17DAge 70
or older
N/A$ 40,000$ 175
 ------------------   
41CAge 65
or older -Single
$ 20,000$ 40,000$ 750
 ------------------   
41CAge 65
or oler -Married
$ 30,000$ 55,000$ 750
     
Veterans:    
22
10% Wartime Service Disability or Purple Heart
N/AN/A$ 400
 ------------------   
22A
Loss of foot hand or eye
N/AN/A$ 750
 ------------------   
22B
Loss of two limbs or eyes
N/AN/A$ 1250
 ------------------   
22C
100% disability with specially adapted housing
N/AN/A$ 1500
 ------------------   
22D
Surviving spouses of soldiers sailors or guardsmen who died due to injury or disease from being in combat or missing and presumed dead to combat
N/AN/A
100% 
 ------------------   
22E
100% Disability
10% Service
N/AN/A$ 1000
 ------------------   
22F
Paraplegic due to war injury
N/AN/A100 %
     
Others:    
37
Legally Blind
N/AN/A$ 500
 ------------------   
17D
Surviving spouse or orphaned minor child
N/A$ 40,000$ 175
 ------------------   
42 - 43
Surviving spouse or orphaned minor of Police Officer or Fire Fighter killed in line of duty
N/AN/A100 %
 ------------------   
18
An individual by reasons of age infirmity and poverty
can not fully contribute to their tax obligation as
deemed by the Assessors
N/AN/A
Varies
     
Deferred Tax Payment:    
41A
Age 65 or older
$ 40,000N/A
Varies
     


Deferred taxes accumulate with simple interest at 8% as a lien on the property until it is sold or the owner(s) is deceased then the interest is 16%.