For immediate release Contact: Abigail Butt, 781-259-8811
You May Apply Now for the Lincoln Senior Circuit Breaker Property Tax Exemption Applications are now being accepted for the Lincoln Means Tested Senior Circuit Breaker Property Tax Exemption. This NEW property tax exemption was approved at the state level and then again at Annual Town Meeting with implementation for the FY25 real estate tax billing cycle. The new exemption reduces property taxes for income-eligible households and is in addition to any other exemption allowable under Mass General Laws, though the maximum benefit received may not exceed 50% of any resident’s property tax bill. This program coincides with the Massachusetts Circuit Breaker program, with additional criteria specific to Lincoln. The funds available for this program are limited. Thus, program eligibility based on household income may be reduced to ensure those most in need receive a benefit. To be eligible for the new exemption, individuals must: * Have owned property in Lincoln for at least 5 years * Be 65 years of age at the close of 2023 & if married, spouse must be at least 60 years of age at the close of 2023 * Have completed their 2023 Massachusetts State Income Taxes, including Schedule CB * Have a household gross income of less than 100% of the Area Median Income for the household size. For a household of one, this is $104,510 and for a household of two, $119,440 For more information or to apply, potential applicants should call the Council on Aging & Human Services at 781-259-8811 for assistance. Town staff and board members have been working hard to start the first year of this program off well. Even so, we ask for your patience as we navigate this process with you. Applications are due by 4:30 pm on July 1, 2024 and applicants must file annually to retain the exemption. [High Quality Gray Scale_small]Abigail Butt, Ph.D., M.Sc. Town of Lincoln Council on Aging & Human Services Director 781-259-8811 she/her/hers
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