Bill > S2069

This bill proposes a new property tax exemption for seniors who make home modifications to improve accessibility or support independent living. Under this legislation, cities and towns can choose to implement an exemption that would prevent property tax increases resulting from home accessibility improvements. To qualify, a homeowner must be 65 years or older, occupy the property as their primary residence, not be a dependent of another taxpayer, and meet specific income and property value thresholds. The income limits are currently set at $40,000 for single individuals, $50,000 for heads of household, and $60,000 for joint filers, with a maximum property value of $600,000. These limits would be annually adjusted for cost of living and housing changes. The exemption is only available if the homeowner files jointly (if married) and can be claimed for multiple residences if the homeowner moves during the year and makes qualifying modifications. Importantly, this tax exemption would not be counted as income for determining eligibility in other means-tested assistance programs, which could help seniors modify their homes without risking benefits in other areas.

Budget and Finance

https://malegislature.gov/Bills/194/S2069