Related Resources and Information
Tax Rate History
A history of Fiscal Year tax rates in Watertown beginning with Fiscal Year 1955 to the present.
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 2012 property assessments are based on an analysis of calendar 2010 property sales as well as a review of sales that occured during the first six months of calendar 2011.
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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. The abatement application is a narrow thirty day (30) period. For Fiscal Year 2013 the abatement application period runs from Thursday, December 20, 2012 through Friday, February 1, 2013.
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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