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MA S2243

Relative to the establishment of a Hingham means-tested property tax exemption


summary

Introduced
06/10/2019
In Committee
06/10/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation relative to the establishment of a Hingham means-tested property tax exemption. Revenue. [Local Approval Received.]

AI Summary

This bill establishes a means-tested property tax exemption for qualifying senior homeowners in the town of Hingham, Massachusetts. To be eligible, the property must be owned and occupied by a taxpayer aged 65 or older (or jointly by those 60 and older), with a maximum assessed value below a certain threshold. The exemption amount, set annually by the Board of Selectmen, will range from 50% to 100% of the applicant's previous year's state "circuit breaker" income tax credit. The total exemption cannot exceed 1% of the town's tax levy and must be funded through a tax levy adjustment or appropriation. Applicants must reapply annually, and the exemption will expire after 3 years unless reaffirmed by town meeting.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Accompanied a new draft, see S2525 (on 02/13/2020)

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