Loading...
Northampton CPA Tax Exemptions 2024.pdfCity of Northampton Community Preservation Committee 210 Main Street, City Hall Northampton, MA 01060 Northampton CPA Tax Surcharge Exemptions • The first $100,000 of taxable value of residential real estate. This exemption is automatically applied to residential property taxes prior to bills being issued in Northampton. • Property owned and occupied by a person who would qualify for low income housing or low or moderate income senior housing. Residents must apply annually with the assessor to receive this exemption. Moderate Income is 100% of the Dept. of Housing and Urban Development's (HUD) Area-wide Median Income figure; Low Income is 80% of HUD's Area-wide Median Income figure. Northampton’s limits are provided below. Northampton CPA Income Limits for Exemptions – 2024 Household Size Moderate Income Limits (properties owned and occupied by a senior 60 or older) Low Income Limits (properties owned and occupied by non-seniors) 1 person $67,900 $54,320 2 people $77,600 $62,080 3 people $87,300 $69,840 4 people $97,000 $77,600 5 people $104,760 $83,808 6 people $112,520 $90,016 7 people $120,280 $96,224 8 people $128,040 $102,432