As a resident of Taunton, you may qualify for a tax exemption if you are 70 years of age or older. An exemption releases an individual from having to pay a portion of their property tax. The exemption amount is $1,000. Your third and fourth quarter bills (due February 1 and May 1) are reduced by $500 each. Applications must be filed every year by April 1st.
Fiscal year 2024 (July 1, 2023 through June 30, 2024):
Must be 70 years old before July 1, 2023
If married, have less than $58,109 in assets (does not include home) and less than $37,638 in annual income.
If single, have less than $54,236 in assets (does not include home) and less than $30,899 in annual income.
You must have been an owner of the property or other real property in the Commonwealth of Massachusetts for at least 5 years.
You must have had a Massachusetts domicile for at least 10 years.
Applicants should submit the following applicable documents:
Birth Certificate (first-time applicants only).
Statement(s) from Social Security and/or pension(s) showing income for calendar year 2023.
Bank Statements as of July 1, 2023 (savings and checking accounts, certificates of deposit, IRA, stocks, bonds, etc).
2022 Federal Tax Return (1040).
If you need an application mailed to you or have any additional questions, please call our office at 508-821-1011.