Bill > H2905

This bill establishes a means-tested senior property tax exemption that cities and towns in Massachusetts can opt to implement. The exemption applies to the primary residence of individuals aged 65 or older whose prior year's income and home value meet certain criteria based on the state's "circuit breaker" tax credit program. The local governing body can set the exemption amount annually within a specified range, but the total exemption amount cannot exceed 1% of the municipality's tax levy. Applicants must file for the exemption each year and meet the eligibility requirements, which include a minimum 10-year residency in the town. The Department of Revenue must certify that the exemption amount can be raised through a burden shift within the overall tax levy before the exemption can be granted.

Budget and Finance

https://malegislature.gov/Bills/192/H2905