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SUMMARY OF TAX EXEMPTIONS

SUMMARY OF ELDERLY, SURVIVING SPOUSE & BLIND EXEMPTION CLAUSES IN EFFECT FOR FY 2016 TAX BILL

 

CLAUSE 17D = $175.00 deduction on tax bill 

Elderly

  • Must be age 70 or older as of July 1, 2015

  • Must own & occupy property as domicile for not less than five years

  • Whole Estate cannot exceed $40,000 (Stocks, Bonds, IRA’s, Savings, Property owned, excluding value of subject property, not to exceed 3 dwelling units and any unpaid mortgage on domicile)

Surviving Spouse

  • Must be present owner and occupant (no age requirement)

 

DOCUMENTATION NEEDED:  CLAUSE 17D

 

For Elderly:  Copy of Birth Certificate or Massachusetts Driver’s License  (first-time applicants only)

For Surviving Spouse:  Copy of Spouse’s Death Certificate (first-time applicants only)

Copy of all bank statements as of December 31, 2014

 

CLAUSE 41C = $500.00 deduction on tax bill

  • Must be age 70 or older as of July 1, 2015

  • Must own & occupy property as domicile for 5 years or have been domiciled in Mass. preceding 10 years

  • Gross Receipts cannot exceed $17,523 for Single Resident or $21,785 for Married Couple

  • Whole Estate cannot exceed $28,000 for Single Resident or $30,000 for Married Couple – domicile is exempt

 

DOCUMENTATION NEEDED:  CLAUSE 41C

 

Copy of Birth Certificate or Massachusetts Driver’s License (first-time applicants only)

Copy of 2014 Federal Income Tax Return (if filed)

Copy of Bank, Stock, IRA & CD statements showing December 31, 2014 balances only

Copy of all Income Statements (Social Security, Pension, Interest & Dividends) for 2014 calendar year

Income for apartment units (if applicable) for 2014 calendar year

Authorization form (enclosed) signed and dated

 

CLAUSE 37 = $437.50 deduction on tax bill

  • Must be legally Blind as of July 1, 2015 (must have Certificate or letter from Doctor indicating status as of July 1, 2015)