I transferred my property to my children but retained a life estate. Am I still eligible for the elderly exemption?
A life tenant who meets all statutory requirements is eligible for an elderly exemption. The Supreme Judicial Court has ruled that a life tenant has sufficient interest in the property to meet the ownership requirement. Further, the property taxes are to be assessed to the owner of the life estate under Massachusetts General Law (MGL) Chapter 59, Section 11 of the General Laws.

View MGL Chapter 59, Section 11.

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1. Who can apply for exemption?
2. When can I file for exemption?
3. Can I apply for more than 1 exemption?
4. Can a husband and wife each receive the same exemption?
5. I missed the exemption filing deadline. Can I still apply?
6. I received an exemption last year. Must I reapply each year?
7. Do I need special documents to qualify for exemption?
8. I was denied an exemption. Why?
9. Must I pay my taxes if I'm expecting to get an exemption?
10. Which assets must I declare?
11. I transferred my property to my children but retained a life estate. Am I still eligible for the elderly exemption?
12. Does a trust agreement affect my application for exemption?
13. I received a surviving spouse exemption for many years. I am now remarried. Do I still qualify for the exemption?
14. My spouse died eight years ago. I did not qualify for an exemption because my assets were too high. My financial picture is much different now. Can I apply for Exemption during the next application