Are any exemptions allowed from the local property tax surcharge?

Residents currently receiving real property abatements under Chapter 59 of Massachusetts General Laws are also exempt from the new CPA surcharge. In addition, communities may exempt:

  1. The first $100,000 of taxable value of residential taxable parcels;
  2. Low-income residents (less than 80% HUD area-wide median income);
  3. Low or moderate income senior residents (60 yrs. or over with annual income less than 100% HUD area-wide median income); and
  4. Class three commercial or class four industrial properties in cities or towns with classified tax rates