An Act to ease the tax burden on older adults, people with disabilities and their caregivers

This bill creates a new property tax exemption for older adults and people with disabilities in Massachusetts who own and occupy their homes. To qualify, applicants must be at least 65 years old, have lived in the town for at least 10 years, and meet specific income and home value limits. The exemption reduces property taxes by an amount calculated based on the applicant's income and any existing circuit breaker credit, but the total reduction cannot exceed 50% of the property tax bill. Local towns can opt into this program, and the total amount of tax relief available is capped at a percentage of the town's total residential property tax levy.