This calculator projects the estimated impact of adopting a Residential Exemption. The Residential Exemption is a local option authorized by M.G.L. Ch. 59, s.5C, which allows a community to shift a portion of the tax burden away from certain lower valued residential properties to higher valued homes, most apartment buildings, and homes that are not owner-occupied. Click here toview DLS’s Residential Exemption videofor more information.
How to use the calculator: Select a community, then enter the proposed exemption percentage as a decimal (for example, enter 0.35 for 35%.) The highest percent allowed by law is 35%. Enter the estimated percent owner-occupied for the five residential property types in the grid. Click the Submit button to run the calculations.
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Single Family 101 | 3,846 | 1,915,222,600 | 497,977.80 | 14.21 | 27,215,313.15 |
Condominiums 102 | 774 | 270,952,000 | 350,067.18 | 14.21 | 3,850,227.92 |
Two Family 104 | 180 | 98,522,300 | 547,346.11 | 14.21 | 1,400,001.88 |
Three Family 105 | 84 | 47,276,600 | 562,816.67 | 14.21 | 671,800.49 |
Apartment 111-125 | 89 | 183,059,900 | 2,056,852.81 | 14.21 | 2,601,281.18 |
Vacant/ Accessory Land 130-132,106 | 228 | 15,075,600 | 66,121.05 | 14.21 | 214,224.28 |
Miscellaneous Residential 103,109 | 27 | 19,201,400 | 711,162.96 | 14.21 | 272,851.89 |
Total | 5,228 | 2,549,310,400.00 | 487,626.32 | | 36,225,700.79 |
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10.00% | 48,762.63 | 219,965,785.80 | 2,329,344,614.20 | 15.68 | 36,517,107 |
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50,000.00 | 710.50 | 19.40 | -691.10
| 120,000.00 | 1,705.20 | 1,117.00 | -588.20
| 200,000.00 | 2,842.00 | 2,371.40 | -470.60
| 280,000.00 | 3,978.80 | 3,625.80 | -353.00
| 360,000.00 | 5,115.60 | 4,880.20 | -235.40
| 440,000.00 | 6,252.40 | 6,134.60 | -117.80
| 520,134.72 | 7,391.11 | 7,391.11 | .00
| 600,000.00 | 8,526.00 | 8,643.40 | 117.40
| 680,000.00 | 9,662.80 | 9,897.80 | 235.00
| 760,000.00 | 10,799.60 | 11,152.20 | 352.60
| 840,000.00 | 11,936.40 | 12,406.60 | 470.20
| 920,000.00 | 13,073.20 | 13,661.00 | 587.80
| 1,000,000.00 | 14,210.00 | 14,915.40 | 705.40
| 1,080,000.00 | 15,346.80 | 16,169.80 | 823.00
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