Massachusetts Corporations & Property Tax

by John Schachter, EA

Massachusetts cities and towns can tax the property of businesses within their jurisdiction. Exemptions apply for certain property owned by corporations. To be considered a corporation, a company – including an LLC classified as a corporation for tax purposes – must appear on a master list, quaintly called the Corporations Book, maintained by the Department of Revenue. You must update that list each year to be sure you appear on it.

You do this at https://mtc.dor.state.ma.us/mtc/_/

In the lower half of the page, find the File links. Among them is “Submit Annual Certification of Entity Tax Status.”

Answer the questions that follow. Note that you do not have to log into MTC to update the Corporations Book.

Do this by April 1 and your corporation should be set with its local tax exemptions.

Questions? Talk to us. John Schachter + Associates can help you determine your eligibility for this exemption.