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APPROPRIATION COMMITTEE-2019 ATM <br /> In 2006, Town Meeting voted to rescind its acceptance of the statewide senior property tax work-off pro- <br /> gram under G.L. c. 59, § 5K,and to restore a locally controlled program.This gave the Town the flexibility, <br /> through its Board of Selectmen,to: <br /> • Allow participation by persons under age 60, such as the disabled and handicapped,who might be <br /> able to benefit from the program. <br /> • Pay a wage in excess of the minimum wage. <br /> • Allow a higher amount to be credited against a participant's property tax bill. <br /> Although the Board of Selectmen has the authority to expand eligibility to persons under age 60 who are <br /> disabled or handicapped,it has not yet done so,nor has it adopted a wage in excess of the state's minimum <br /> wage. The current eligibility qualifications and benefit limits are detailed in the table below. <br /> CPA Surcharge Exemption <br /> Low-to-moderate income homeowners age 60 or over, and low-income homeowners under age 60, may <br /> obtain a 100%exemption from the CPA surcharge on their property tax. These exemptions directly reduce <br /> the amount of CPA revenue that the Town receives. <br /> Tax Relief Programs—Limits and Qualifications as of December 2018 <br /> State Income Tax Circuit Breaker <br /> Maximum assessed valuation $778,000 <br /> Income limits <br /> • Single individual $58,000 <br /> • Head of household $73,000 <br /> • Married, filing jointly $88,000 <br /> Maximum tax credit $1,100 <br /> 41A Property Tax Deferral <br /> Income limit(single or married) $70,000 <br /> Interest on taxes deferred in FY2019 1.96% <br /> Total amount deferred in FY2018 $401,897 <br /> 41C Property Tax Exemption Single Married <br /> Income limit $26,941 $40,414 <br /> Assets limit $53,886 $74,092 <br /> Senior Service Program <br /> Income eligibility $70,000 <br /> Maximum benefit per household (140 hours) $1,540 <br /> Hourly Rate $11.00 <br /> Complete details on all of the tax and utility relief programs available to Lexington residents are set forth <br /> in a brochure entitled Fiscal Year 2019 Property Tax Relief Programs,which may be found on the Town's <br /> web site at: http://www.lexingtonma.gov/sites/lexingtonma/files/uploads/fy2019_property_tax_re- <br /> lief_brochure_cb_credit.pdf <br /> 57 <br />