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Bill > S2512

MA S2512

MA S2512
Authorizing the town of Andover to establish a means tested senior citizen property tax exemption

summary

Introduced
08/19/2021
In Committee
07/18/2022
Crossed Over
08/25/2022
Passed
08/29/2022
Dead
Signed/Enacted/Adopted
09/03/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to authorize the town of Andover to establish a means tested senior citizen property tax exemption. Revenue. [Local approval received]

AI Summary

This bill authorizes the town of Andover to establish a means-tested senior citizen property tax exemption. The key provisions are: 1. The bill provides an exemption from property tax on the domicile of qualifying taxpayers who are 65 years of age or older and have been Andover residents for at least 10 consecutive years. The exemption amount will be set annually by the Select Board, ranging from 50% to 100% of the state's "circuit breaker" tax credit amount for which the applicant qualified the previous year. 2. Applicants must meet several criteria, including having received the state's "circuit breaker" tax credit the previous year, being 65 or older (or having a co-owner 60 or older), and owning a home in Andover valued below a certain threshold. 3. The total exemption amount will be allocated proportionally within the residential tax levy, and the exemption will be effective for 5 fiscal years starting in 2023.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Signed by the Governor, Chapter 210 of the Acts of 2022 (on 09/03/2022)
(22 Companion Bills)

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Document Type Source Location
State Bill Page https://malegislature.gov/Bills/192/S2512
Bill https://malegislature.gov/Bills/192/S2512.pdf
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