Homestead Act In Simple Terms In Massachusetts
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FAQ
If you own and occupy (or intend to occupy) your home as a principal residence, you can file a homestead protection.
If there are multiple owners, and only one qualifies for an elderly or disabled homestead protection, consider filing one homestead declaration per owner to protect the family's right to use, occupy and enjoy the home.
Currently eleven municipalities in Massachusetts use the residential exemption: Boston, Brookline, Cambridge, Chelsea, Marlboro, Nantucket, Somerset, Somerville, Tisbury, Waltham, and Watertown.
Massachusetts laws Includes clauses for real estate tax exemptions for blind persons, qualifying senior citizens, qualifying surviving spouses, minor children and elderly persons, qualifying veterans, and religious and charitable organizations.
Requirements. Own and occupy the property as of July 1 of the tax year. Must be 65 years old by July 1 of tax year. Own and occupy any real estate in Massachusetts for 5 years, or surviving spouse who inherited the property and occupied it, or other real property in Massachusetts for 5 years.
Social Security benefits are not included in Massachusetts income. For federal purposes, these benefits may be included in federal gross income depending on income thresholds. Pension Income is generally included in both Massachusetts and federal income.
You must be 70 or older. For Clauses 41C and 41C½, the eligible age may be reduced to 65 or older, by vote of the legislative body of your city or town. You must own and occupy the property as your domicile.
