Establishes a means-tested property tax exemption for seniors in Milton, Massachusetts.

This bill creates a means-tested property tax exemption for seniors in the town of Milton, Massachusetts. To qualify, the property must be owned and occupied by a taxpayer who received the circuit breaker income tax credit the previous year, and the owner must be age 65 or older, or jointly owned by someone age 65 or older and others age 60 or older. The exemption amount is set by the Select Board and cannot exceed 1% of the municipality’s tax levy. The exemption is funded by a burden shift within the tax levy or by an appropriation or transfer from existing funds.

Establishes a means-tested property tax exemption for seniors in Milton, Massachusetts.

This bill creates a means-tested property tax exemption for seniors in the town of Milton, Massachusetts. To qualify, the property must be owned and occupied by a taxpayer who received the circuit breaker income tax credit the previous year, and the owner must be age 65 or older, or jointly owned by someone age 65 or older and others age 60 or older. The exemption amount is set by the Select Board and cannot exceed 1% of the municipality’s tax levy. The exemption is funded by a burden shift within the tax levy or by an appropriation or transfer from existing funds.