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Lower your Tax to the Max

Randal Engelmann & Erik Gould

We are Randal Engelmann and Erik Gould, partners in providing exceptional customer service...

We are Randal Engelmann and Erik Gould, partners in providing exceptional customer service...

Jan 5 2 minutes read
Good News for City of Boston Homeowners


Randal:
Stay tuned to find a way to save almost $3,000.

Erik:
Welcome to Stay Focused, FOCUS Real Estate's weekly video series. And we are here to talk about residential exemptions, and specifically the residential exemption for the City of Boston.

Randal:
And you know we've talked about this before, and we're going to make this quick, but want to just point out one quick thing. The residential status in the City of Boston has changed in 2020.

Erik:
For the better.

Randal:
So it has given a little bit more leeway for when you need to be in your house. It changed from the calendar year, from January 1st to December 31st, to moving more towards their fiscal year, which begins July 1st. If you purchased your house before July 1st, you have a very good chance of qualifying for the residential exemption for 2021, which started July 1st, 2020. Anyway, I'm just going to bore you to tears, and he will too, if we talk any more about this. But check out www.boston.gov, go into their tax department, and get some more information. So that you make sure that you and your family saved that tax money, because it's almost $3,000.

Erik:
Off your tax bill, your property tax.

Randal:
It's not a percentage of your tax bill, but it is just a flat rate that they chop off your taxes. In 2020, it was $2,879.79. It's almost three hundred bucks a month, so you can buy a lot of clams for that.

Erik:
Yeah, it used to be, if you bought anytime earlier in the year, you didn't qualify for that next year. You had to live in it January 1st, and that has changed. There's a link for more information, or drop us a line, or email us, call us, whatever. We'll be glad to help you out with that.

Randal:
I'll be looking forward to all those emails that equal what $2,879.79 divided by 12 is. So until next time, stay tuned and stay focused.

Erik:
Stay focused.

Randal:
3000 clamolas. Lots of clams today. 

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