If you are a Wendell resident and property owner who is over 70 with limited assets and income, there are two exemptions offered by the Town of Wendell which might benefit your situation. An exemption is a reduction of property tax for the fiscal year.
A 17-D exemption is for a reduction of $175 from your taxes. The age requirement for this exemption is that you must have reached age 70 by July 1, 2008 for a FY09 exemption. There are no income restrictions, however, your total assets cannot exceed $40,000, excluding house. There are no income restrictions for this exemption. You must also have owned and occupied for at least five years.
A 41-C exemption is for a $500 reduction of your total tax liability. The age requirement is the same as for the 17-D. To qualify for the 41-C your total assets, excluding house, cannot exceed $28,000 (if single) or $30,000 (if married) and income cannot exceed $13,000 (if single) or $15,000 (if married). Social Security income up to $6237 (married) is excluded from total income. You must also have lived in Massachusetts for the last 10 years and owned and occupied for the last five years.
Exemptions do require documentation and assessors may ask you for your federal or state tax returns and bank statements, birth certificate, etc., to verify your application All financial information is confidential and never released to parties outside the assessors’ office.
Applications may be obtained from our office during normal office hours. Any application for 2009 must be received no later than December 3rd of this year.
