An Act establishing a means tested senior property tax exemption in the town of Williamstown

This bill creates a new property tax exemption for seniors living in the town of Williamstown, directly affecting homeowners who meet specific age, residency, and income requirements. To qualify, applicants must be at least 65 years old (or 60 if married to someone 65 or older), have lived in the home for five years, and have incomes low enough to qualify for the state's circuit breaker credit. The town's select board will determine the dollar amount of the exemption each year, setting it at up to 150% of the circuit breaker credit the applicant received previously, while also establishing a town-wide cap on the total value of all exemptions granted. The bill includes a revocation clause allowing town voters to cancel the program at any election and requires annual applications with proof of income and assets.