Mayor James J. Fiorentini > Press Release
For Immediate Release: February 23, 2007
Mayor Sponsors Circuit Breaker Tax Credit Seminar for Seniors
Mayor James J. Fiorentini is sponsoring a free seminar on the “Circuit Breaker” Tax Credit on Thursday, March 1, at 10 am, at the Citizens Center. Senior citizen attending the seminar will learn if they qualify for this tax credit. It is called a “circuit breaker” because it protects taxpayers from a property tax overload the same way an electric circuit breaker would. Mayor Fiorentini said:
“Though we are proud this year to have the lowest property tax increase in 10 years, property taxes continue to be a burden on our citizens, especially our senior citizens. At this free seminar, Haverhill senior citizens can learn if they qualify for this important income tax relief measure.”
Taxpayers 65 and older qualify if their real estate taxes and 50% of their water and sewer charges exceed 10% of their total income for that calendar year. Renters can count 25% of their rent as real estate tax payments. Eligibility is based on income. Generally, moderate and low income households will meet the income eligibility requirements.
James J. Fiorentini , Mayor
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