An Act expanding the senior property tax exemption

HD 104 amends a state law to allow cities and towns to increase the senior property tax exemption amount for homeowners aged 65 or older. Currently, local governments could adjust exemptions by up to 100% or lower the eligibility age; this bill specifically adds the option to raise the base $500 exemption up to $2,000. The change requires local approval through a city council vote (with mayor approval) or a town meeting vote. It directly affects seniors in communities that choose to adopt the higher exemption rate, potentially reducing their property tax burden. The bill does not automatically apply; local governments must act to implement the increased exemption.