Friday, October 6, 2006
Tax relief available to Carlisle senior citizens
Carlisle senior citizens should know that there are several town and state programs to provide significant tax relief to those in need. Below is a summary of some of the available programs. Each program requires the taxpayer to apply within specified time limits.
Elderly Statutory Property Tax Exemption
Persons 60 years of age and over, who meet certain income and asset requirements, are eligible for up to $2000 off their property tax bill. For more information, contact the Assessors' Office at 1-978-369-0392.
Tax Deferral Program
This program is available to property taxpayers 60 years of age and over with gross annual receipts from all sources of not more than $40,000. If married, combined gross receipts cannot exceed $40,000. Ordinary business expenses and losses may be deducted to determine gross receipts, but not personal or family expenses.
Interested seniors must apply to the Board of Assessors within prescribed time limits. Approved applicants will be permitted to defer their current fiscal year's property tax, with interest (currently at 8% per annum) until the property ownership is transferred or upon the death of the applicant, whichever shall occur first. For further details, contact the Assessors' Office at 1-978-369-0392.
Elderly Work Program
Property owners age 60 and over are eligible to apply for this program. Approved applicants provide work assistance to town departments such as the Council on Aging, School, and the Library. At the end of their approved work program, property owners are eligible to earn a credit of up to $500 off their property tax bill. This program is currently limited to 15 participants. For more information, please contact the Council on Aging at 1-978-371-2895.
Voluntary Contribution Fund for Senior Citizens and Disabled Citizens
Many Carlisle residents have made voluntary contributions to provide assistance to those seniors and disabled citizens in need. For more information and to apply for assistance, contact the Assessors' Office at 1-978-369-0392.
Exemptions are available to veterans who have a service-connected disability of 10% or more, veterans who have been awarded the Purple Heart, Gold Star mothers and fathers, and spouses and surviving spouses of veterans. For more information, contact the Assessors' Office at 1-978-369-0392.
Community Preservation Surcharge Income Exemption
There is an exemption of the Community Preservation Surcharge available for senior property owners 60 or older. To qualify, there is an income tax limit of $57.120 for households of 1, and $65,280 for households of 2. For more information, please contact the Assessors' Office at 1-978-369-0392.
© 2006 The