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 must be filed with the assessors on or before December 15 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
 

 

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
100% 
  ------------------      
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%.