Massachusetts Governor Signs Law Authorizing Town of Brookline to Establish Senior Citizen Property Tax Exemption

The Massachusetts Governor Jan. 5 signed a law authorizing the town of Brookline to establish a means-tested senior citizen property tax exemption. The law includes measures: 1) providing an exemption from the property tax, in addition to any other exemptions allowed under the General Laws, equal to the total amount of the tax that would otherwise be assessed without this exemption, less the sum of 10 percent of the total annual qualifying income for purposes of the state’s “circuit breaker” income tax credit and the amount of the state’s “circuit breaker” credit; 2) imposing certain limits to the exemption; 3) ...