Bill
Bill > H3857
MA H3857
Authorizing the town of Wakefield to establish a means tested senior citizen property tax exemption
summary
Introduced
06/05/2019
06/05/2019
In Committee
06/05/2019
06/05/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
That the town of Wakefield be authorized to establish a means tested senior citizen property tax exemption. Revenue. [Local Approval Received.]
AI Summary
This bill authorizes the town of Wakefield to establish a means-tested senior citizen property tax exemption. The exemption applies to real property classified as residential and owned and occupied by a person aged 65 or older (or 60 or older if jointly owned) whose prior year's income would make them eligible for the state's circuit breaker income tax credit. The exemption amount is set annually by the town's board of assessors, matching the previous year's circuit breaker credit. The total exemption amount is allocated proportionally within the residential tax levy. Applicants must meet several criteria and file an annual application. 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. The act is repealed after 3 years of implementation.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a new draft, see H4475 (on 02/27/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H3857 |
| Bill | https://malegislature.gov/Bills/191/H3857.pdf |
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