Massachusetts H5515 increases estate values eligible for property tax abatements in Shrewsbury.

Massachusetts H5515 allows the town of Shrewsbury to adjust eligibility for real property tax abatements. It increases the total estate limit for exemptions to $61,490 for individuals and $84,549 for married couples. The bill also raises the maximum allowable gross receipts to $29,879 for single individuals and $44,818 for married couples. These values will increase annually based on the Consumer Price Index. The bill reduces the minimum age for exemption eligibility from 70 to 65.

Massachusetts H5515 increases estate values eligible for property tax abatements in Shrewsbury.

Massachusetts H5515 allows the town of Shrewsbury to adjust eligibility for real property tax abatements. It increases the total estate limit for exemptions to $61,490 for individuals and $84,549 for married couples. The bill also raises the maximum allowable gross receipts to $29,879 for single individuals and $44,818 for married couples. These values will increase annually based on the Consumer Price Index. The bill reduces the minimum age for exemption eligibility from 70 to 65.