MA H5035

Creates a property tax exemption for qualifying senior homeowners in Grafton on class one residential property, with the exemption amount set annually by the select board at 50-200% of the state circuit breaker income tax credit

Eligibility requires: age 65+ for single applicants (or joint owners 60+ with at least one 65+), income qualifying for the state circuit breaker credit, domicile ownership in Grafton for at least 10 consecutive years, and home assessed value within circuit breaker limits

Board of assessors may deny applications for applicants with excessive assets and must approve all exemption applications, which require annual filing with income and asset documentation

Total exemption cost is shifted proportionally to all other residential taxpayers within the tax levy, requiring Department of Revenue certification of the residential tax rate

Exemption expires 3 years after enactment but may be reauthorized by town vote for additional 3-year intervals