General News

How to File for a Residential Exemption in Boston

If you own and live in your Boston property as your primary residence, you likely qualify for a residential exemption on your real estate taxes.  Through this exemption, the City releases you from paying part of your property taxes.  Last year, the residential exemption saved qualified homeowners up to $2,719.09 on their tax bill.

For Fiscal Year 2020, you have until April 1, 2020 to file the application.  For more information, including the application and other requirements, visit the City of Boston’s website here

There are a number of benefits to homeownership, and this exemption is one of them.  Be sure to take advantage!

 

 

 

How to COUCH Your Space

Now that you have moved into your new apartment, you might be asking yourself “Where do I buy furniture in Boston”?  Have no fear, you are surrounded by furniture stores! Some even offer free design service with a purchase.

 

Mattresses

Boston Luxury Beds - Luxury Beds in the Heart of Boston
https://www.bostonluxbeds.com

Mattress Firm - Several locations in and around Boston
www.mattressfirm.com

Boston Bed Company – Sleep with the Best
1113 Commonwealth Ave., Boston

 

Furniture Stores

$Boomarangs – Newish stuff for spendthrifts
716 Centre St., Jamaica Plain
www.shopboomarangs.org

$Ikea – Like to assemble your own furniture?
www.ikea.com

$$West Elm – Trendy and chic
160 Brookline Ave., Boston
www.westelm.com

$$Nadeau – Furniture with a soul
750 Memorial Drive, Cambridge
www.furniturewithasoul.com

$$Cort Furniture Outlet – New and previously owned furniture
155 N. Beacon St., Brighton
https://www.cortfurnitureoutlet.com

$$$Room and Board – Five floors of 90% American made furniture
375 Newbury St., Boston
www.roomandboard.com

$$$Circle Furniture – For those who don’t have square taste in furniture
31 St. James Ave., Boston
199 Alewife Brook Pkwy. Cambridge
www.circlefurniture.com

$$$Mitchell Gold + Bob Williams – Masters of modern home furnishings
142 Berkeley St., Boston
www.mgbwhome.com

 

Important Utilites Contact Information for Move Ins

When moving into your new home you need to establish service with the following Utility companies:

Boston Utilities

National Grid
Gas (800) 732-3400

Eversource
Electricity (800) 592-2000

Verizon
Phone (800) 870-9999

Comcast
Phone, Cable, Internet
(617) 279-1958

 

 

Helpful Boston Numbers

 

Boston City Hall
(617) 635-4000

Boston Police Department
Non Emergency
(617) 343-4200

Boston Fire Department
Non Emergency
(617) 343-3550

Emergency Storm Center
(617) 635-3050

Poison Control and Prevention
(800) 222-1222

Animal Control (Dog Licenses)
(617) 635-5348

 

We recommend you reserve a parking spot for your moving truck by going to City of Boston Website

If you live in Boston and your car is registered in Massachusetts you can get a resident permit parking sticker to park on the street.

 

For more information please contact Cabot & Company at (617) 262-6200

 

Boston Condo Market 2018 Review

A Look into Boston's Condominium Sales Market

 

It's safe to say that Boston's real estate has been on a hot streak. With 2018 at a close, Boston condominium sales have set even higher records than ever before. The Seaport took the lead in 2018 as the most expensive neighborhood, with the highest average sale price. Back Bay and South End continue to be highly sought after neighborhoods. South Boston also saw an increase from previous years when comparing average price and price per square foot; However, the most impressive statistic was that South Boston was the most popular in terms of condominium sales volume, totaling to 753 units sold. Now the question is, what does the market have in store for 2019?

 

 

 

Click to view available condos in South Boston

Click to view available condos in South End

Click to view available condos in Back Bay

Click to view available condos in Beacon Hill

Click to view available condos in North End

 

 

 

 

 

New Short-Term Rental Law

Gov. Baker of Massachusetts signed into law a bill regulating and taxing any kind of "short-term rental" (that is, any rental for 31 days or less).  There is an exemption for properties that are leased out for 14 days or less per calendar year, but this law is expected to have a substantial impact on owners that rent vacation homes and utilize services such as Airbnb and VRBO.

This new law takes effect on July 1, 2019.  Hosts are obligated to register with the State and their local municipality, carry $1 million in liability insurance per unit, and possibly be subjected to inspections that will vary from city to town.  Additionally, short-term rentals will be subject to new taxes and fees, including, but not limited to, a state tax of 5.7%, local taxes up to 6% (Boston can levy up to 6.5%; Cape Cod and Islands can levy up to 8.75%) and "community impact fees" of up to 3% may be levied locally on professionally managed properties (owners of 2 or more units in one town).

It will be interesting to see what impact this will have on tourism and business travelers, particularly if cities and towns decide to max out the allowable fees and taxes. 

See additional details at marealtor.com/ShortTermRentals.  

Disclaimer: This article should not be construed as legal or tax advice.  If you own, operate or are considering owning or operating a short-term rental property, we recommend that you seek guidance from a lawyer and/or tax professional.  

 

 

Back Bay Association Annual Breakfast with Mayor Martin J. Walsh

Back Bay Association Annual Breakfast with Mayor Martin J. Walsh at the Fairmont Copley Plaza

The Mayor talked about new developments and businesses, new restaurants opening on Newbury Street, housing for the homeless and Boston springing forwarded.

Pictured left to right: Shelagh Brennan, Robert Weintraub, City of Boston Mayor Martin J. Walsh & Josh Zakim (City Councilor for District 8)