Personal Property & Other Information

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.

Residential Property Sales in Watertown

Fiscal 2026 property assessments are based on an analysis of calendar 2024 property sales as well as a review of sales that occurred during the first six months of calendar 2025.

Provided below are scatter charts exhibiting residential sales prices over a 10-year period indicating market trends and consistency among property class type. 

Property Tax Abatement Information

Please refer to the Property Tax Abatement Instructions (PDF) for information on the abatement period and process.