Adjusts senior homeowner property tax exemption criteria in Boston.

The bill modifies the criteria for the senior homeowner property tax exemption in Boston. It increases the exemption threshold from $500 to $1,500 and adjusts the income limits based on the Area Median Income, as published by the U.S. Department of Housing and Urban Development. The bill also raises the income cap for the exemption from $28,000 to $80,000 and from $30,000 to $110,000. These changes apply to real property in Boston and are not subject to further modification by existing laws.

Adjusts senior homeowner property tax exemption criteria in Boston.

The bill modifies the criteria for the senior homeowner property tax exemption in Boston. It increases the exemption threshold from $500 to $1,500 and adjusts the income limits based on the Area Median Income, as published by the U.S. Department of Housing and Urban Development. The bill also raises the income cap for the exemption from $28,000 to $80,000 and from $30,000 to $110,000. These changes apply to real property in Boston and are not subject to further modification by existing laws.