Boston Mayor Michelle Wu signed a bill that included a measure that would increase the threshold of eligibility for low-income seniors who own and live in their homes seeking tax relief through the city’s 41C program.
Mayor Michelle Wu hopes to extend property tax relief to more seniors.
Wu’s bill seeks to increase the income eligibility to $47,000 for single people and $53,700 for couples. Estate eligibility requirements would double. The minimum tax exemption would also increase to $1,500 and max out at $3,000. “We are hopeful and determined that, working with state partners, we will seize on recognizing the urgency and the need to act on solutions to keep our families housed,” said Wu.seeks to establish a real estate sales tax in Boston.
“We still have billions of dollars of available resources under the ARPA law that we haven’t spent yet and we have a significant state surplus,” said Baker.
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