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By Ms. Atkins of Concord, petition (accompanied by bill, House, No. 2830) of Cory Atkins relative to real estate tax exemptions for elderly persons in the town of Concord. Revenue. |
The Commonwealth of Massachusetts
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PETITION OF:
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By Ms. Atkins of Concord, petition (accompanied by bill, House, No. 2830) of Cory Atkins relative to real estate tax exemptions for elderly persons in the town of Concord. Revenue. |
The Commonwealth of Massachusetts
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PETITION OF:
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In the Year Two Thousand and Seven.
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An Act to provide for a senior property tax exemption in the town of Concord. |
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. This exemption may be selected in lieu of but not in addition to clauses 41C and 17D of section 5 of chapter 59 of the General Laws. A person upon reaching his or her seventieth birthday who has been the assessed owner of his or her primary residence located in the town of Concord for not less than 20 consecutive years, may claim an exemption of $1,500 on said property. In addition, the assessed owner shall have an annual adjusted gross income of $30,000 or less if single, or $50,000 or less for a married couple. The maximum whole estate shall not exceed $100,000 for a single person and $125,000 for a married couple, excluding the primary residence. The exemption shall be valid beginning with the fiscal year that follows the fiscal year in which the qualifying birthday falls.
SECTION 2. Any assessed owner claiming said exemption shall file an application to the board of assessors by April 1 for the fiscal year which starts on the preceding July 1, and said application must be made each year.
SECTION 3. No more than one such exemption per property may be granted pursuant to this act irrespective of the number of qualifying co-owners.