Low Income and Senior Exemptions

Q:  What will this really cost me? 

A: The average Natick taxpayer will pay approximately $35 per year (based on an average assessed value of $455,000). To estimate your annual residential CPA surcharge, subtract $100,000 from your assessed value, then multiply by .01%. If your assessment is $500,000, your CPA surcharge is about $40; if your assessment is $600,000, your surcharge is about $50. Natick’s tax rate is currently $10.02 per $1000 of valuation.

Q:  What about those families who really can’t afford an increase in their property taxes? 

A:  In Natick, families with incomes less than 80% of the area median, and seniors (age 60 or older) with incomes of less than 100% of the area median are exempt from the CPA surcharge. The maximum incomes for families and for seniors to qualify for CPA exemptions are as shown below:

In addition to these special exemptions, all residents get an automatic exemption for the first $100,000 of the property’s assessed value.

Q:  How difficult will it be to file for an exemption? 

A:  The procedures for filing for an exemption will be similar to those for other exemption programs currently offered by the town. For information and guidelines about all Property Tax exemptions, please see the Natick Assessors page.