Knowledge Base

•Must be 70 years or older or joint owner with a spouse who is 70 years or older before July 1 of the tax year. •Must own and occupy property on July 1 of the tax year. Also must have been continuously domiciled in Massachusetts 10 years prior to application and owned any property in Massachusetts for the preceding five years. •Must have gross receipts minus social security allowance less than:$19,496 if single $22,487 if married •Must have the value of the whole estate, not including the value of the home, be less than: $41,972 if single $44,971 if married Exemption Amount: $500