Massachusetts 2023-2024 Regular Session

Massachusetts House Bill H2798

Introduced
2/16/23  

Caption

Providing for a means tested senior citizen property tax exemption

Impact

If enacted, H2798 would affect the financial responsibilities of local governments and the property tax obligations of senior residents. Municipalities choosing to adopt this exemption will need to adjust their tax assessments and budgets to accommodate the potential impact of reduced revenue from property taxes. The bill sets a framework for how exemptions should be administered and emphasizes that this should not exceed one percent of a municipality's tax levy, thereby ensuring that the financial impact remains manageable across the community.

Summary

House Bill H2798 proposes a means-tested senior property tax exemption that municipalities in Massachusetts can opt into. The bill allows qualifying residents aged 65 or older to receive a property tax exemption based on specified income limits and asset thresholds. This exemption aims to alleviate the financial burden on senior citizens who may struggle with rising property taxes while attempting to maintain their homes. Local select boards or mayors would determine the annual amount of the exemption, allowing flexibility while adhering to the guidelines outlined in the legislation.

Contention

The bill has sparked discussions around equity and fiscal responsibility within local governance. Proponents argue that such exemptions are vital for supporting low-income seniors who have contributed to their communities for decades, maintaining homeownership instead of facing displacement due to financial pressures. Conversely, critics may raise concerns about the potential loss of tax revenue for municipalities, which could challenge service provision and infrastructure upkeep. Balancing these competing interests will be key as towns and cities consider implementing this exemption.

Companion Bills

MA H2809

Similar To Relative to the establishment of a means tested senior citizen property tax exemption

MA H2872

Similar To Authorizing the establishment of a mean tested senior citizen property tax exemption

Previously Filed As

MA H409

Relative to the town of Avon

MA H299

Extending pandemic related relief for dining establishments

MA H3100

Exempting disabled veterans from sales tax when leasing a motor vehicle

MA H298

Providing for tenant agents

MA H373

Relative to the financing of motor vehicle purchases

MA H3317

Relative to low digit number plates on leased vehicles

MA H374

Providing for tenant agents

MA H241

Relative to education or training activities for purposes of meeting the Department of Transitional Assistance work requirement

Similar Bills

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Property taxation: new construction: damaged or destroyed property.

CA AB1500

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CA AB245

Property taxation: application of base year value: disaster relief.

DC B25-0486

Uniform Community Property Disposition at Death Act of 2023

CA SB964

Property tax: tax-defaulted property sales.

CA SB603

Property taxation: transfer of base year value: disaster relief.

CA SB1091

Property taxation: transfer of base year value: disaster relief.

HI HB1398

Relating To Property.