As used in this chapter, the following terms
shall have the meanings indicated:
ASSET ELIGIBLE
Individuals who have total assets, not including a principal
residence, that do not exceed $50,000.
[Amended 4-22-2008 by Doc. 55]
INCOME ELIGIBLE
Individuals who have an annual income of $50,000.
[Amended 4-22-2008 by Doc. 55]
SENIOR CITIZEN
A retired citizen of Haverhill who has attained the age of
65 years old.
[Amended 1-26-1999 by Doc. 145/98]
[Amended 4-22-2008 by Doc. 55]
To assist senior citizens in the payment of
annual real estate taxes to the City of Haverhill, a tax incentive
program is to be established in accordance with MGL c. 59, § 5K.
This chapter of the Code shall serve as the local rules and regulations
for said program. Should the provisions of this chapter conflict with
MGL c. 59, § 5K, state law shall prevail.
Senior citizens who are the responsible party
for the payment of real estate taxes to the City of Haverhill and
who are income eligible and asset eligible shall be eligible to participate
in the program.