Massachusetts 2023-2024 Regular Session

Massachusetts House Bill H4560

Introduced
4/18/24  
Refer
4/18/24  
Refer
5/28/24  
Engrossed
7/2/24  
Engrossed
12/12/24  

Caption

Authorizing the town of Carlisle to establish a means tested senior citizen property tax exemption

Impact

Should H4560 be enacted, it will modify local property tax laws within the town of Carlisle. The bill stipulates that the exemption will apply only to residential properties classified under the respective guidelines, thus allowing eligible seniors to reduce their financial burden. By providing a clearer path to tax relief for seniors who meet specific income and asset criteria, the bill aims to address affordability in housing for this vulnerable demographic. The implementation of such a program could potentially lead to improved retention of senior residents in the community.

Summary

House Bill H4560 is aimed at enabling the town of Carlisle to establish a means-tested property tax exemption specifically for senior citizens. This bill allows qualifying seniors to receive an exemption from property taxes on their primary residence, with the amount of the exemption to be determined annually by the select board. This initiative is designed to provide financial relief to senior residents who may struggle with the cost of property taxes, enhancing their ability to remain in their homes during their retirement years.

Contention

There are elements of contention surrounding H4560, particularly regarding the qualifications for the exemption. The bill specifies income limits aligned with the 'circuit breaker income tax credit', which could create discussions about adequacy and fairness in determining eligibility. Questions may arise regarding what constitutes 'excessive assets' and how the exemptions impact the broader tax base. Some may argue that this local initiative, while beneficial for seniors, could impose additional financial responsibilities on other taxpayers within Carlisle.

Administrative considerations

The operational aspects of the bill require that applicants file annually for the exemption and that proper certification by the department of revenue is obtained concerning the residential tax rate before any exemption is granted. The yearly application requirement fosters a continuous evaluation of eligibility, which may necessitate additional administration by the town's assessors. Additionally, the policy has a sunset clause, expiring three years post-implementation, which introduces a review process to assess the program's effectiveness and financial sustainability.

Companion Bills

MA H4920

Similar To Relative to means tested senior citizen property tax exemptions in the town of Westford

Similar Bills

CA AB2013

Property taxation: new construction: damaged or destroyed property.

CA AB1500

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

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.