Boston Tax Increases Not So Taxing

The City of Boston has announced that it is raising its property tax rates for fiscal year 2012 a modest 25 cents, from $12.79 to $13.04 per thousand dollars of valuation.

Boston residential tax payers pay 27% less, on average, than others in the Commonwealth. This is due in large part to the residential tax exemption granted to home owners who live in their residence versus renting it out. This exemption saves qualifying taxpayers more than $1,600 annually and is just one example of the programs the City has in place to help home owners lower their tax bills.

You can learn more about the residential exemption and how to apply here. You can also look up the tax information for any property in the City of Boston on the Accessing Department website.