MA S2036

Creates a property tax exemption for senior citizens aged 65+ (or joint applicants where one is 65+ and the other is 60+) who received the state "circuit breaker" income tax credit in the prior year

Requires applicants to have owned and lived in a home in the municipality for at least 10 consecutive years and occupy the property as their primary residence

Exemption amount set annually by local assessors at between 50% and 200% of the applicant's circuit breaker credit, with total exemptions capped at 1% of the municipality's total tax levy

Cost of exemptions allocated proportionally across all residential taxpayers through a burden shift within the residential tax levy

Applicants receiving MGL Chapter 59 Section 5 Clause 41A tax deferrals or those unable to file income taxes may still qualify after board of assessors review