If enacted, Shrewsbury could lower the age limit for one property tax exemption and adjust income and estate limits for another.
Shrewsbury may lower the minimum age for this exemption from 70 to 65 and set the total estate limit at no more than $61,490.
Shrewsbury may raise income and estate limits for this exemption, with different maximums for single people and married couples.
Shrewsbury may adjust the rules for this property tax exemption. This applies to real property exemptions under clause Seventeenth D in Shrewsbury. The town may set the total estate limit at no more than $61,490. If enacted, the act would take effect upon passage. The estate limit would rise each year by the increase in the Consumer Price Index.
Shrewsbury may adjust the rules for this property tax exemption. This applies to real property exemptions under clause Forty-first C in Shrewsbury. The income limit would be up to $29,879 for a single person or $44,818 for a married couple, based on both spouses’ income in the prior year. The total estate limit would be up to $61,490 for one person or $84,549 for a married person. If enacted, the act would take effect upon passage. The estate limits would rise each year by the increase in the Consumer Price Index.
No hearings or votes scheduled.