Moscatiello v. Board of Assessors

Moscatiello filed a timely application under G. L. c. 59, § 5C, for a residential exemption to reduce the 1989 fiscal year property taxes on a house in Charlestown. The house is his principal residence, but the title is held by the trustee of the Seventeen Monument Square Realty Trust, a nominee trust listing Moscatiello as sole beneficiary. See Morrison v. Lennett, 415 Mass. 857, 860 (1993). The residential exemption under § 5C for 1989 would reduce the assessed valuation of the house by $36,033 (from $496,700), which would in turn reduce the property *623tax by $287.18 (from $3,958.70). The…