Related Resources and Information
Fiscal 2009 Tax Classification
The first step in setting the tax rate is to determine the tax levy or the amount of money that is to be raised by real and property taxation.
Fiscal 2009 Tax Classification
Tax Rate History
A complete history of fiscal tax rates in Watertown.
Tax Rate History
Personal Property Tax Information
In general, all tangible business / personal property situated in Massachusetts is taxable unless expressly exempt. The tax is levied on the value (cost new less depreciation) of machinery, equipment and tools, inventory (stock and trade), furniture, and fixtures.
Personal Property Tax Information
Residential Property Sales in Watertown
Fiscal 2009 property assessments are based on an analysis of these sales.
Residential Property Sales in Watertown
Property Tax Deferral Instructions and Application
You may be eligible to defer payment of all or a portion of the taxes assessed on property you own and occupy as your domicile if you meet certain age, ownership, residency, and income qualifications, and enter into a tax deferral agreement with the Board of Assessors.
Property Tax Deferral Instructions - Tax Deferral Application
Levy Limits - Proposition 2 1/2
Proposition 2 1/2 is a revolutionized property tax administration and is a fundamental feature of the Massachusetts Municipal Fiscal Landscape.
Levy Limits - Proposition 2 1/2
Abatement Application and Instructions
If you feel that you have a legitimate claim to a reduction in your assessment, you must apply for an abatement.
Abatement Application and Instructions
Exemptions Pamphlet
As used in the context of real estate taxes, an exemption is a release from the obligation to pay all or portion of the taxes assessed on a parcel of property. An Exemption Application must be filed with the Assessor each year within three months of the mailing date of the actual tax bill.
Exemptions Pamphlet
The Circuit Breaker Credit
The Circuit Breaker Credit provides for a Massachusetts State Income Tax Credit for persons 65 and older under certain circumstances. For more information, visit Tax Tips for Seniors.
The Circuit Breaker Credit
Exemptions Applications & Forms
