An Act relative to ensuring the equitable protection of homestead

HD 2421 expands homestead exemptions to provide greater financial protection for vulnerable homeowners in Massachusetts. It adds a 25% additional exemption for residents aged 65+ or those with a documented disability meeting federal SSI criteria, while setting annual exemption limits between $250,000 and $1.25 million based on county median home values - adjusted yearly for inflation. First-time homebuyers earning under 120% of area median income qualify for a temporary 10% exemption boost during their first five years. The bill also requires the state to launch an education campaign about homestead rights and publish annual reports tracking exemption usage and impacts, effective January 1, 2026.