An Act authorizing the town of Millis to establish a means-tested senior citizen property tax exemption for school building construction projects

HD 5225 allows the town of Millis to create a property tax exemption for seniors to help fund school building construction. It directly affects residents aged 65+ (or 60+ with a 65+ partner) who own their primary home in Millis for 10+ years, meet income limits tied to the state's circuit breaker tax credit, and have limited assets. The exemption covers up to the actual borrowing cost for school projects, applied only to the senior's primary residence, and must be renewed annually with proof of income and assets. The town will fund this exemption by shifting the tax burden proportionally to other residential taxpayers.