The city of Boston will catch up with Boston condo owners who don’t pay their property taxes, and missing payments can cost you your property. However, most Boston condo owners that have an existing mortgage your tax obligation are calculated with your monthly mortgage payment

The bottom line is that the city considers homeowners to be responsible for paying their property taxes, whether a homeowner physically received the tax bill or thought it was included in their mortgage payment. Did you buy a new Boston condo and didn’t receive the tax bill?  You should check your tax bill online and see if your bank paid it or was it included in your closing HUD .Statement.

I thought I would also let you on some other things to leep in mind for future Boston condo owners out there, because property taxes are something many don’t think a lot about.

Here are three points you should keep in mind regarding Boston property taxes:

1. Property taxes are based on a percentage of your home’s value.

Boston updates the value of your property every 3 years. However, this may change in 2018. You may want to consult with your tax accountant.

2. Don’t miss out on the homeowners’ exemption.

If you own and occupy a condo on January 1, 2018 as your principal place of residence, you’re eligible to receive a reduction on the dwelling’s taxable value in the form of a Homeowners’ Exemption. You have to contact the Assessor’s office and file a claim. Once you receive the exemption, you don’t have to file the claim each year as long as you own and occupy your residence.)

3. Make sure you factor in property taxes when you calculate your overall monthly payments..

Along with the estimated mortgage payment and insurance, you should break down your total property tax amount on a monthly basis so you can get an accurate idea of your true carrying costs.

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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