At What Age Do Seniors Stop Paying Property Taxes in Massachusetts?
Many seniors in Massachusetts wonder if they can stop paying property taxes as they age. The short answer is that seniors do not automatically stop paying property taxes. However, Massachusetts offers several programs to help reduce the burden, including tax deferrals, exemptions, and credits.
Property Tax Exemptions and Deferrals for Seniors
Although seniors are still required to pay property taxes, they may qualify for significant relief through various state programs. Massachusetts provides property tax exemptions and deferrals for eligible seniors based on age, income, and residency.
Clause 41C – Property Tax Exemption for Seniors
One of the most beneficial programs available is the Clause 41C exemption, which provides a reduction in property taxes for qualifying seniors. To be eligible, you must:
Be at least 65 years old.
Have lived in Massachusetts for at least 10 years.
Own and occupy the property as your primary residence.
Meet certain income and asset limits, which vary by town.
This exemption typically provides savings of around $500 to $1,000 per year, depending on the municipality.
Property Tax Deferral Program (Clause 41A)
If paying property taxes becomes difficult, seniors can apply for the Clause 41A Property Tax Deferral Program. This allows eligible homeowners to defer paying their property taxes until they sell their home or pass away. Key requirements include:
Being at least 65 years old.
Owning and occupying the property as your primary residence.
Meeting the income limit, which is currently set at $40,000 per year but may vary.
Deferred taxes accumulate with interest (usually at a low rate) and must be paid by the homeowner’s estate or when the home is sold.
Senior Circuit Breaker Tax Credit
Another form of relief is the Senior Circuit Breaker Tax Credit, which is available to qualifying homeowners and renters aged 65 and older. If your property taxes exceed 10% of your annual income, you may qualify for a credit of up to $2,590 (for tax year 2023). This credit is refundable, meaning you can receive money back even if you owe no taxes.
Conclusion
While Massachusetts does not eliminate property taxes for seniors, it offers several programs to make them more manageable. If you are a senior struggling with property taxes, consider applying for these exemptions, deferrals, and credits to reduce your financial burden. Contact your local assessor’s office to learn more about eligibility and application deadlines.
