Property tax payments:
Total tax paid in the tax year (or 25% of rent) - Real estate tax abatements - Exemptions and other reductions you received in the tax year - Interest and penalty charges on late payments + 50% separately stated water and sewer charges paid in the tax year + Betterments = Property tax payments
For homeowners, property tax payments are the actual amounts you paid during the calendar year after making certain adjustments. Include all property tax payments you made during the calendar year, regardless of which year payments apply to. Use all real estate tax payments made in the tax year, including amounts due for another year, to determine the correct property tax payment amount for purposes of the credit. Adjust your property tax payment amount by subtracting the following from total tax you paid in the tax year:
Abatements granted by local assessors
Exemptions granted by cities or towns to: Qualifying veterans Surviving spouses Blind persons Senior citizens who earned exemptions through the Senior Work Program. If you participate in the Senior Work program, you already receive a reduction in the property taxes you owe. Do not include this reduction in calculating property tax payments.
Interest and penalty charges on late payments
No adjustment is required for taxes assessed:
Under the Community Preservation Act
Under the Cape Cod Open Space Land Acquisition Program or
By a tax-levying district