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PROPERTY
TAX EXEMPTIONS & DEFERRAL
FOR DISABLED VETERANS, OLDER CITIZENS, SURVIVING SPOUSES AND MINORS
FOR FY 2006
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The
Walpole Board of Assessors is offering advice for taxpayers regarding
property tax exemptions and deferrals of property taxes.
The Assessors Office receives many inquires regarding property tax
exemptions from taxpayers on limited income who are coping with rising
household expenses and property taxes. Fortunately, there are programs
to help you meet your tax obligations. These programs, which provide
either property tax exemptions or a deferral of taxes, are set forth
in different clauses of Section 5 of Chapter 59 of the General Laws
of Massachusetts. Those specifically geared for you are Clause 17D,
Clause 41C or Clause 41A - Tax Deferral. |
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The
Assessors have briefly outlined the following regulations pertaining
to these exemptions:
Clause
41C - Elderly Exemption (up to $1500 Tax Exemption)
- Must
be 70 years of age by July 1st.
- For
a Single person: Assets not to exceed $40,000 & Income less
than $20,000 per year.
- For
a Married person: Assets not to exceed $55,000 & Income less
than $30,000 per year.
- Assets
- excluding assessed value of domicile as of July 1, household
items and motor vehicles. Income includes all gross receipts.
Owned & Occupied real estate in MA for five (5) years, plus
have to have lived in MA last ten (10) years. Surviving Spouse
must have occupied the property five (5) years.
Clause
17D - For Older citizens, Surviving Spouses and Minors ($262.50
Tax Exemption)
- Must
be 70 years of age by July 1st.
- Total
worth may not exceed $40,000, excluding the assessed value of
the domicile as of July 1.
- Income
not considered when applying for Clause 17D.
- If
you are a surviving spouse of any age or a qualified minor, that
is, a minor who has a deceased parent.
Clause
18 - Hardship
- For
persons who, because they are aged, infirm and poverty-stricken,
cannot make full or partial payment of their property taxes.
- The
decision to grant a Clause 18 exemption is made solely at the
discretion of the Assessors.
Clause
37 - Blind ($656.25 Tax Exemption)
- Available
to visually impaired individuals.
- Requires
a certificate (Call Assessors' Office for more information, (508)
660-7315)
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