Bill > S1927

This bill aims to provide a property tax exemption for senior homeowners in Massachusetts who have made modifications to their residential properties to improve accessibility or allow them to live independently. The key provisions include: the exemption applies to owners aged 65 or older with an annual income below $40,000-$60,000 (depending on filing status) and a home value under $600,000; the exemption amount increases annually with cost-of-living and cost-of-housing adjustments; the exemption applies to each principal residence occupied during the year if modifications were made; and the exemption is not counted as income for other means-tested assistance programs. The bill requires local acceptance for the exemption to take effect in each city or town.

Budget and Finance

https://malegislature.gov/Bills/193/S1927