Bill > H4585

This bill authorizes the town of Auburn to expand senior property tax abatements by modifying several key provisions of the existing property tax exemption law. Specifically, the bill increases the base exemption amount from $500 to $1,500, expands eligibility to include seniors who own property jointly with a child under 70 years old, adjusts income thresholds to be based on the Area Median Income (AMI) as published by the U.S. Department of Housing and Urban Development (HUD), and increases the property value limits for qualifying seniors. The income and property value thresholds are significantly raised, which would make more seniors eligible for property tax relief. The bill will take effect immediately upon passage, and includes a severability clause ensuring that if any part of the law is found to be invalid, the rest of the provisions will remain in force. This legislation aims to provide more comprehensive property tax assistance to seniors in the town of Auburn by creating more flexible and inclusive exemption criteria.

Budget and Finance

https://malegislature.gov/Bills/194/H4585