MA H3979

Authorizes the City of Melrose to grant property tax exemptions to seniors age 65+ (or joint owners where one is 65+ and the other is 60+) who meet income eligibility requirements for the state circuit breaker income tax credit

Exemption amount equals 100% of the circuit breaker income tax credit the applicant qualified for in the previous year

Applicants must have owned and lived in a home in Melrose for at least 10 consecutive years, and the property's assessed value cannot exceed the circuit breaker program's maximum threshold

Total exemption costs are distributed proportionally among all residential taxpayers in the city through a burden shift within the residential tax levy

Replaces Chapter 100 of the Acts of 2022 and automatically repeals after 3 years of implementation