Bill
Bill > H5063
MA H5063
Authorizing the town of Norwell to establish a means tested senior citizen property tax exemption
summary
Introduced
07/20/2022
07/20/2022
In Committee
01/03/2023
01/03/2023
Crossed Over
01/03/2023
01/03/2023
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
That the town of Norwell 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 Norwell to establish a means-tested property tax exemption for senior citizens. To qualify, the property must be owned and occupied by a person 65 or older (or a joint applicant 60 or older) whose prior year's income made them eligible for the state's "circuit breaker" property tax credit. The property must also be the applicant's domicile, have an assessed value below a certain threshold, and the applicant must have lived in Norwell for at least 10 years. The Board of Assessors will annually set the exemption amount to match the circuit breaker credit, funded primarily by the town's overlay surplus and free cash. Applicants must apply each year, and the Board may deny applications with excessive assets.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
No further action taken (on 01/03/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H5063 |
| Bill | https://malegislature.gov/Bills/192/H5063.pdf |
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