MA S2096

Creates a local-option property tax exemption for seniors age 65+ who own and occupy their home as a primary residence, with income limits tied to the existing circuit breaker tax credit thresholds

Exemption amount equals the difference between the full tax bill and 10% of the homeowner's income, minus any circuit breaker credit received, with a maximum reduction of 50% of property taxes

Requires at least 10 consecutive years of residency in the city or town, and home value cannot exceed the local average single-family assessment plus 10%

Total exemptions capped at 0.5% to 1% of the municipality's residential property tax levy, with costs shifted proportionally to other residential taxpayers rather than reducing municipal revenue

Municipalities must vote to accept the program, which expires every 3 years and requires re-authorization by the local legislative body