Bill > H4477

This bill authorizes the town of Arlington to establish a means-tested senior citizen property tax exemption. The key provisions are: 1. It allows for a property tax exemption of up to 50% for qualifying residential properties owned and occupied by seniors aged 65 or older (or 60 and older if co-owned with someone 65 or older) whose prior year's income makes them eligible for the state's "circuit breaker" tax credit. 2. The select board sets the exemption amount annually, within a range of 50-200% of the circuit breaker credit amount. The total exempted amount cannot exceed 1% of the town's tax levy. 3. Applicants must file for the exemption each year and provide documentation of their income and assets. The board of assessors can deny the exemption if the applicant has excessive assets. 4. The exemption requires approval by the town's voters and can be revoked through a future town-wide vote.

Joint Committee on Revenue (J)

https://malegislature.gov/Bills/191/H4477