Personal property consists of tangible, movable assets such as merchandise, furnishings, machinery, tools, animals, and equipment. The tax is primarily incurred by businesses and is assessed separately from real estate in the town where the property is situated.
The primary exemption to an individual’s personal property tax is for household furnishings and effects at the person’s domicile. This includes the personal property kept in or about the house or garage.
The Massachusetts State House passed an "Act to Address Challenges Faced by Municipalities and State Authorities Resulting From COVID-19” allowing cities and towns, on a community by community basis, to delay the due date for the 4th quarter FY2020 Real Estate and Personal Property tax bills that were just mailed out.
On April 13, 2020 the Wellesley Board of Selectmen unanimously voted to adopt this Act and has extended due dates until June 1, 2020 for real and personal property tax payments and applications for exemptions/deferrals for residents affected by COVID-19.