An Act authorizing the establishment of a mean tested senior citizen property tax exemption

Summary

The bill adds Section 5P to Chapter 59 of the General Laws, letting municipalities that adopt it exempt a portion of residential property tax for owners 65 or older (or joint owners with one 65+ and the other 60+) who meet income, asset, and residency criteria. The exemption amount is set each year by the local board of assessors or council, up to twice the state senior tax credit, and lasts three years unless renewed. It is intended to help low‑income seniors remain in their homes.

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