Bill > H3911

This bill authorizes the town of Lunenburg to establish a means-tested senior citizen property tax exemption. The exemption would apply to residential properties owned and occupied by seniors aged 65 or older who have lived in Lunenburg for at least 15 years, have limited assets, and have received the state's Senior Circuit Breaker Tax Credit. The board of assessors would annually set the exemption amount, which cannot exceed the previous year's tax credit amount. The total exemption amount is capped at 1% of the town's real property tax levy, and any excess requests would be proportionally reduced. The exemption must be approved by the Department of Revenue before being implemented, and the town can vote to revoke the exemption at any annual or special town meeting.

Budget and Finance

https://malegislature.gov/Bills/193/H3911