Bill > S1824

This bill adjusts the senior circuit breaker property valuation by making three key changes: 1. It adds a new definition for "free Medicare Part A non-eligibility" to include payments made by individuals to obtain Medicare Part A insurance due to non-eligibility for free Medicare Part A. 2. It expands the definition of "real estate tax payment" to include the previous calendar year's payment for Medicare Part A resulting from free Medicare Part A non-eligibility. 3. It amends the property valuation limit to be the greater of $600,000 or the average value of a single-family home in the municipality as determined by the local Assessor for the previous fiscal year. These changes aim to adjust the senior circuit breaker, which provides property tax relief for qualifying seniors, by accounting for Medicare Part A costs and updating the property value threshold to better reflect local housing markets.

Budget and Finance

https://malegislature.gov/Bills/192/S1824