Bill > H3102

This bill modifies the existing senior property tax exemption law by expanding the options for cities and towns to provide property tax relief to seniors. Currently, local governments can adjust the senior property tax exemption by reducing the eligibility age to 65 or older and increasing the exemption amounts by up to 100%. The bill adds a new provision that allows municipalities to increase the base $500 exemption up to $2,000, providing potentially greater financial relief for senior homeowners. This means that local city councils or town meetings can now choose to increase the property tax exemption for seniors more substantially than previously allowed, which could help seniors on fixed incomes better manage their housing costs. The change gives local governments more flexibility in supporting their elderly residents by providing additional property tax relief.

Budget and Finance

https://malegislature.gov/Bills/194/H3102