Clause 22 - Veterans ($375 Tax Exemption)

• Provide exemptions to certain veterans (and their spouses or surviving spouses) who were not dishonorably discharged and who meet certain residency requirements.
• Certification of a war-service connected disability from the Veterans Administration or the branch of service from which separated (minimum 10% disability).
• Lived in Massachusetts for not less than 5 years prior to filing for exemption.

Clause 41A - Tax Deferral

• Persons must be 65 years or older by July 1 of the year of application.
• Massachusetts must have been your domicile for the preceding ten years.
• Applicants must have owned and occupied as your domicile any real property in Massachusetts (including present property) for five years.
• Gross annual income cannot exceed $40,000 in proceeding year. (FTM...2000)
• If the applicant meets the requirements, they can defer all or a portion of the taxes for the year.
• The interest on the amount deferred is eight percent simple interest. The community imposes a lien on the property when the deferral is approved.

Can't Tell An Abatement from An Exemption From a Deferral?