MA H3004

Cities and towns may offer a property tax exemption of up to 35% of the average assessed value of all residential parcels to senior citizens age 70 or older on their principal residence

Exemption requires local adoption by the board of selectmen or mayor with city council approval, and the municipality must be certified as assessing property at full and fair cash value

Taxable valuation cannot be reduced below 10% of fair cash value after all exemptions are applied, and the exemption is in addition to other exemptions under existing law

Senior citizens in cooperative housing corporations qualify if they occupy their unit as a principal residence, with tax reductions credited against their share of the corporation's taxes

Applies to land under manufactured or mobile homes if other requirements are met; takes effect upon acceptance by each city or town