Bill > H2511

This bill establishes a means-tested senior citizen property tax exemption in Massachusetts. The key provisions are: 1. Qualifying seniors whose prior year's income did not exceed certain limits can receive an exemption on their property taxes, equal to the total tax less 10% of their income and the circuit breaker tax credit they received. 2. To qualify, the senior must own and occupy the property as their domicile, have lived in the city/town for at least 10 years, and meet certain property value limits. 3. The total exemption amount granted by this section is capped at 0.5-1% of the city/town's residential property tax levy, and if the cap is exceeded, the exemption amount is proportionally reduced. 4. The exemption must be re-accepted by the city/town every 3 years. 5. The exemption cannot be granted until the Department of Revenue certifies that the total exemption amount is raised by a burden shift within the residential tax levy.

Budget and Finance

https://malegislature.gov/Bills/191/H2511