An Act authorizing the town of Holliston to establish a means-tested senior citizen property tax exemption

This bill authorizes the town of Holliston to create a property tax exemption for senior citizens based on their income. To qualify, homeowners must be at least 60 years old, have lived in Holliston for at least 10 years, and meet the same income limits required for the state's circuit breaker tax credit. The Select Board will determine the specific dollar amount of the exemption each year, ensuring it falls between 50 and 200 percent of the state credit value, while the Board of Assessors reviews applications to verify eligibility. The exemption applies only to the primary residence and is set to expire three years after the law takes effect, with the option for the town to renew it for additional three-year periods.