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Bill > H3901


MA H3901

Authorizing the town of Mendon to establish a means-tested senior citizen property tax exemption


summary

Introduced
06/17/2021
In Committee
03/10/2022
Crossed Over
10/11/2022
Passed
10/13/2022
Dead
Signed/Enacted/Adopted
10/19/2022

Introduced Session

192nd General Court

Bill Summary

That the town of Mendon be authorized to establish a means-tested senior citizen property tax exemption in said town. Revenue.[Local Approval Received.]

AI Summary

This bill authorizes the town of Mendon to establish a means-tested senior citizen property tax exemption. The exemption would apply to residential property owned and occupied by seniors who meet certain income and asset requirements, including having an annual income that would make them eligible for the state's "circuit breaker" tax credit and having owned a home in Mendon for at least 10 years. The Select Board would annually set the exemption amount, which must be between 50% and 200% of the circuit breaker credit amount. The total exemption amount would be allocated proportionally across all residential taxpayers. The exemption would expire after 3 years unless reauthorized by the town's legislative body.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Signed by the Governor, Chapter 241 of the Acts of 2022 (on 10/19/2022)

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