An Act to increase the value of estates eligible for abatements pursuant to M.G.L. chapter 59, section 5, clauses seventeenth D and forty-first C in the town of Shrewsbury

This bill allows the town of Shrewsbury to adjust the financial requirements for property tax exemptions for elderly residents. It lowers the minimum age to receive these exemptions from 70 to 65 and raises the maximum estate value limits to $61,490 for single applicants and $84,549 for married couples. The bill also increases the allowable income threshold to $29,879 for single people and $44,818 for married couples, with all monetary limits automatically adjusted each year based on the Consumer Price Index. These changes directly affect seniors in Shrewsbury who wish to qualify for reduced property taxes under state law.