An Act authorizing the town of Wakefield to establish a means tested senior citizen property tax exemption
Maddy summaryThis bill authorizes the town of Wakefield to create a property tax exemption specifically for senior citizens who meet certain income and residency requirements. To qualify, applicants must be at least 65 years old, have lived in the town for at least 10 years, and have income levels that would make them eligible for the state's circuit breaker tax credit. The exemption amount is set annually based on the previous year's circuit breaker credit, and the town's assessors review applications to ensure applicants do not have excessive assets. The program is designed to run for a maximum of three years before expiring.
Budget & TaxesSupports Budget & TaxesBill provides tax relief to low-income seniors, aligning with fiscal support for vulnerable populations.
HousingSupports HousingBill provides property tax relief for low-income seniors, enhancing affordability and protecting housing stability for vulnerable residents.
0 co-sponsors