Tax Relief

Hopkinton Metropolis reminds residents of the upcoming senior citizen tax break submitting deadline

For immediate publication

HOPKINTON – City Manager Norman Khumalo wishes to remind senior residents that the application deadline for Hopkinton’s local tax break program is fast approaching.

Applications for the Senior Tax Relief Program must be submitted by Tuesday, August 31st. Click here to apply.

“The City of Hopkinton encourages all Hopkinton seniors who qualified for the state breaker tax credit on this year’s Massachusetts state tax return to review the other qualifications for this tax break courtesy of the City of Hopkinton,” said Town Manager Khumalo. “This local program is a great opportunity for seniors to benefit from additional tax exemptions, and the city surveyor’s office is ready to answer any questions residents may have.”

Hopkinton seniors who qualified for the Commonwealth’s Circuit Breaker Tax Credit on their Massachusetts 2020 income tax return are encouraged to apply for limited property tax exemption for the coming year. In 2018, a home rule petition to lawmakers was enacted allowing Hopkinton to offer property tax relief to seniors who meet state breaker requirements.

The following requirements must be considered for the Hopkinton program:

  • Age 65 or older, co-owner at least 60 years old
  • A resident of Hopkinton for 10 consecutive years
  • Income less than $ 92,000 for a couple, $ 76,000 for the head of household, and $ 61,000 for singles
  • Estimated home value cannot exceed $ 848,000
  • Financial assets outside of the home cannot exceed $ 250,000

When filing an application, residents must provide proof of income, proof of age, and their 2020 federal and state income tax returns.

As soon as all applications have been received from Tuesday, August 31, the Hopkinton Board of Assessors is considering applications for exemption. After the Board of Assessors determines the number of qualified applicants, the Select Board may approve an Exemption Credit between $ 575 and $ 2,300 per household.

Residents are encouraged to apply for the senior citizen tax relief program as soon as possible. This is the third cycle of the program with the city offering tax exemptions for 2020, 2021 and now 2022. On average, the city of Hopkinton does not qualify more than 24 residents during one cycle.

All city-approved and granted exemptions result in a residential tax rate that is one cent per thousand dollars of valuation higher than the commercial and industrial tax rate ($ 17.08 versus $ 17.07).

Any resident with questions regarding the senior citizen tax break application should contact the Assessor’s Office at 508-497-9720.

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