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MA S1621

Relative to adjusting the senior circuit breaker property valuation


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation relative to adjusting the senior circuit breaker property valuation. Revenue.

AI Summary

This bill amends the existing law to adjust the senior circuit breaker property valuation. Specifically, it changes the property value limit from a fixed amount of $600,000 to the greater of $600,000 or the average value of a single-family home in the municipality as determined by the local Assessor for the previous fiscal year. This adjustment aims to provide more flexibility and better reflect the actual property values in different municipalities.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

Accompanied H2477 (on 02/27/2020)

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