(Massachusetts General Laws, Chapter 59 § 5c)
FISCAL YEAR 2021
PURPOSE: The purpose of the residential exemption is to reduce property taxes for year-round residents, particularly those with modest homes.
The residential exemption is a dollar amount of
value that is exempt from taxation. It requires
an annual decision of the Board of Selectmen after
a public hearing.
For example, if the
residential exemption were $30,000, a home with
an assessed value of $150,000 would be taxed on
$120,000 of value. This exemption value, when multiplied
by the residential tax rate, represents the dollar
amount of the exemption.
REQUIREMENTS: For fiscal year 2021, a taxpayer
that owns residential property in Tisbury, which
was their principle residence on January 1, 2020 may apply for a residential exemption. A principle
residence is one in which the taxpayer lives and
which is used as a permanent, year-round home and
legal domicile. Although it is the Selectmen who
decide whether or not Tisbury will have the exemption,
it is the Board of Assessors’ responsibility to
administer it. The Board of Assessors must be convinced
that the taxpayer was domiciled as of January 1,
2020, at the address for which the residential exemption
is being claimed.
The residential exemption will be reflected on the
Fiscal Year 2021 actual tax bill.
Property owners who do not receive a credit on this
bill and believe they may be entitled to the exemption
must file an application for this exemption with
the Assessors Office within three months
of the mail date of the actual tax bill.
HOW TO APPLY:
Complete and submit an Application for Residential
Exemption (State Tax Form 128-5C) on or before April
1st. This form is available in the Assessors Office,
Tisbury Town Hall 51 Spring Street. The Assessors
office is open Monday-Friday, 8:30 A.M.-4:30 P.M.
NOTE: The burden of proof is on the taxpayer regarding establishment of place of domicile. All documents must be in the Assessors Office by the legal deadline, or the Board of Assessors, by law, must deny the exemption application.
Complete signed copies of both Federal & Massachusetts
(full year resident) Tax Returns for year 2020*
Income figures and social security numbers may be blacked out.
Mass Driver's License
of at least one owner showing street residence as
Registration of at
least one vehicle garaged at street residence as
Must be listed as a
resident on the Town Clerk’s census as of 1/1/20.
Copy of fiscal year
2021 actual Real Estate tax bill.