Authorizes a means-tested property tax exemption for senior citizens in Massachusetts.

This bill allows cities and towns in Massachusetts to establish a property tax exemption for senior citizens who meet specific income and asset criteria. The exemption applies to those aged 65 or older, or those aged 60 and above if they own property jointly with someone aged 65 or older. The exemption amount is set annually by the local Board of Assessors or the City Council or Select Board.

Authorizes a means-tested property tax exemption for senior citizens in Massachusetts.

This bill allows cities and towns in Massachusetts to establish a property tax exemption for senior citizens who meet specific income and asset criteria. The exemption applies to those aged 65 or older, or those aged 60 and above if they own property jointly with someone aged 65 or older. The exemption amount is set annually by the local Board of Assessors or the City Council or Select Board.