An Act authorizing the town of Reading to establish a means tested senior citizen property tax exemption

Summary

The law lets the town of Reading provide a property‑tax exemption to qualifying senior homeowners. To qualify, seniors must meet income limits, age requirements, own and occupy the home for at least ten years, and have a property value below a set threshold. The exemption amount is set each year by the select board and is tied to the state’s circuit‑breaker credit.

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