Belmont could raise senior tax relief limits above inflation

Belmont may raise the income, asset, and benefit limits each year by more than inflation. The limits apply to seniors seeking property tax relief under the three state programs named in the bill. No limit may rise above what it would have been if Belmont had adopted the matching state tax relief program when it was first enacted and then increased that limit with inflation each year. If passed, the act would take effect upon passage and allow annual increases.