By Diana Coldren
Did you know that qualified taxpayers can apply to effectively save up $4,353.74 on their real estate tax-bill for fiscal year 2026!
If the residential exemption does not appear on your Fiscal Year 2026 third quarter tax bill (recently mailed in December and due Feb. 1), you may still file an application by April 1, 2026 for the fiscal year 2026 exemption.
It is not too late to save on your Fiscal Year 2026 Boston Real Estate Taxes! The City of Boston operates on a fiscal year that starts on July 1 and ends on June 30. For Fiscal Year 2026, the maximum portion exempt from taxation is $351,108 . At a rate of $12.40 per thousand, this translates to a potential savings in real estate taxes of $4,353.74.
According to the City’s Residential Exemption application, “Every taxpayer in the City of Boston who owns residential property as of January 1, 2025 and uses that property as his or her principal residence for their calendar year 2024 Massachusetts income taxes, may be eligible for the Fiscal Year 2026 residential exemption. In certain circumstances, you may be eligible if you obtained your principal residence on or before January 1 and June 30, 2025.”
The printable online application is now available and the deadline for submission is Wednesday, April 1, 2026. Even if you have received the exemption in the past, you may want to double check to see if the exemption is in still in effect for your property. It is important to review your tax bill every year to make sure the exemption is in force.
If you have questions, Please contact the Boston Taxpayer Referral and Assistance Center at 617 635- 4287 or at [email protected]
Diana Coldren is a real estate agent with the CPC team at Compass and has been a Beacon Hill Resident for 25 years