Authorizes cities and towns to exempt senior citizens' residential property from taxation.

This bill allows cities and towns in Massachusetts to provide a residential exemption for senior citizens aged 70 or older. The exemption applies to the principal residence of a senior citizen and reduces the taxable valuation of the property. The exemption is in addition to any other allowable exemptions, but cannot reduce the taxable valuation below zero. The exemption is available at the discretion of the city or town's board of selectmen or mayor, with approval from the city council.

Authorizes cities and towns to exempt senior citizens' residential property from taxation.

This bill allows cities and towns in Massachusetts to provide a residential exemption for senior citizens aged 70 or older. The exemption applies to the principal residence of a senior citizen and reduces the taxable valuation of the property. The exemption is in addition to any other allowable exemptions, but cannot reduce the taxable valuation below zero. The exemption is available at the discretion of the city or town's board of selectmen or mayor, with approval from the city council.