An Act relative to the establishment of a Milton means-tested property tax exemption

HD 4594 creates a property tax exemption for seniors in Milton who own and live in their homes as their primary residence. To qualify, applicants must be 65+ (or jointly with a 65+ spouse) and have owned their Milton home for 10+ consecutive years, meet income limits tied to the circuit breaker income tax credit, and pass asset tests. The exemption covers 50-100% of the applicant’s prior year’s circuit breaker credit amount, but cannot reduce taxes by more than 50%. Applicants must reapply yearly with income and asset documentation, and the town sets the exact exemption amount annually within budget limits.