Do you qualify for the Town of Concord Senior Property Tax Reduction?
For the coming fiscal year Concord seniors with limited incomes will be able to have their property taxes reduced significantly. The goal of this exemption is, if possible, to reduce an eligible homeowner’s property tax to 10% of their income. However, they must pay at least 50% of their assessed tax. To qualify for this tax reduction;
Age 65 or older (co-owner must be 60 or older)
Resident of Concord for 10 consecutive years or more
Maximum income: Currently $57,000 single owner, $86,000 joint owners
Assessed value of property – at or below Concord’s median, currently $838,900
Maximum assets: $250,000
For more information, please call the Assessor’s Office at 978-318-3070 or attend the presentation below.
Senior Property Tax Reduction Explained
Tuesday, May 8th at 1:00 PM
As part of the Board of Assessors outreach to seniors, Lane Partridge will be at the Concord Council on Aging at the Harvey Wheeler Community Center on Tuesday, May 8th at 1:00 PM to explain all the ins and outs of the new program. Seniors have until September 1st, 2018 to apply. If you have questions about eligibility (as it is a little complicated) come and ask! Please call the COA to sign up (978-318-3020)
Everyone is welcome to attend and please bring your questions. Applications and instructions will be available for you to take home and complete if you feel that you qualify. Any questions please call the Assessors Office at 978-318-3070.