Exemptions

 

Exemptions
 
Massachusetts Veterans Services
Massachusetts Commission for the Blind
Exemption Application
Tax Deferral Application
 
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 1. Ownership, occupancy, use, age or any other eligibility criteria must be met as of that date.
 
Filing Date:
Exemption applications are due three months from the date of mailing of each December bill. Typically, the three month timeframe for filing is December 19th to March 19th.
 
Town of Reading Eligibility Requirements for
Personal Real Estate Exemptions
Bold indicates a change from prior years
 

 

Clause Basic Qualifications Maximum Income Maximum Assets
other than domicile
Exemption Amount
         
Elderly:        
17D Age 70
or older
N/A $ 40,000 $ 175
  ------------------      
41C Age 65
or older -Single
$ 20,000 $ 40,000 $ 750
  ------------------      
41C Age 65
or oler -Married
$ 30,000 $ 55,000 $ 750
         
Veterans:        
22
10% Wartime Service Disability or Purple Heart
N/A N/A $ 400
  ------------------      
22A
Loss of foot hand or eye
N/A N/A $ 750
  ------------------      
22B
Loss of two limbs or eyes
N/A N/A $ 1250
  ------------------      
22C
100% disability with specially adapted housing
N/A N/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/A N/A
Full with a cap of $2,500 after 5 years
  ------------------      
22E
100% Disability
10% Service
N/A N/A $ 1000
  ------------------      
22F
Paraplegic due to war injury
N/A N/A 100 %
         
Others:        
37
Legally Blind
N/A N/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/A N/A 100 %
  ------------------      
18
An individual by reasons of age infirmity and poverty
can not fully contribute to their tax obligation as
deemed by the Assessors
N/A N/A
Varies
         
Deferred Tax Payment:        
41A
Age 65 or older
$ 40,000 N/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%.