Boston property taxes are continuing to rise, from last year’s $11.88 to now $12.79 per $1,000 of assessed property value.
With assessed home values remaining relatively stable in many Boston neighborhoods and an approximate 8% increase in the tax rate, many Bostonians will face larger property tax bills during fiscal year 2011.
Relief is available, however, as the residential exemption will continue to be available to residents who maintain their Boston home as a primary residence. The fiscal year 2011 residential exemption subtracts $124,695 from a property’s assessed value, saving qualified homeowners approximately $1,595 on their tax bill.
For an example of how to calculate taxes for your condo, as well as a historical look at tax rates in Boston, visit our newly updated Boston property taxes article.
Keith Munsell 
