Bill > H2489

This bill provides municipalities in Massachusetts with the option to freeze the residential tax rate or valuation for elderly residents who meet certain means-tested criteria. The key provisions include: - Municipalities can pass ordinances to freeze the tax rate and valuation on real property for elderly residents (age 65+) or totally and permanently disabled residents, as long as their total income does not exceed a certain threshold set by the municipality. - The property must be owned and occupied by the applicant as their primary residence, and the applicant must have been domiciled in the municipality for at least 10 consecutive years. - The assessors can deny an application if they find the applicant has excessive assets that place them outside the intended recipients of the senior exemption. - The tax freeze is in addition to any other exemptions provided by law, and the property remains subject to the municipality's bonded indebtedness.

Budget and Finance

https://malegislature.gov/Bills/191/H2489