Massachusetts H5392 authorizes North Attleborough to create a means-tested property tax exemption for senior citizens.

Massachusetts H5392 allows the town of North Attleborough to establish a property tax exemption for senior citizens based on income and asset limits. The town council sets the income thresholds annually, with initial limits set at $70,000 for single applicants, $80,000 for heads of household, and $90,000 for joint applicants. To qualify, seniors must own and occupy their property, meet the retirement age, and have resided in North Attleborough for at least 10 years. The exemption amount is set annually and applied proportionally within the tax levy.

Massachusetts H5392 authorizes North Attleborough to create a means-tested property tax exemption for senior citizens.

Massachusetts H5392 allows the town of North Attleborough to establish a property tax exemption for senior citizens based on income and asset limits. The town council sets the income thresholds annually, with initial limits set at $70,000 for single applicants, $80,000 for heads of household, and $90,000 for joint applicants. To qualify, seniors must own and occupy their property, meet the retirement age, and have resided in North Attleborough for at least 10 years. The exemption amount is set annually and applied proportionally within the tax levy.