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Committee hears case to update elderly tax‑exemption thresholds; municipalities warn about mandatory statewide change
Summary
Supporters said raising and indexing elderly exemption income and asset thresholds will help low‑income seniors stay in homes as property values rise; the Municipal Association opposed mandatory statewide increases without local voter approval. Committee recorded broad support and later approved the bill to advance.
Representative Eileen Kelly introduced HB 12‑96 to update Elderly Property Tax Exemption thresholds and index them annually to regional CPI. Kelly said the statutory thresholds—dating from 2003—have been eroded by inflation and rising home values and that modest increases have small fiscal impacts for most towns while helping…
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