Bill

Bill > H2981


MA H2981

To insure fair taxation of affordable housing


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to the classification of real property for purposes of taxation. Revenue.

AI Summary

This bill seeks to amend Section 38 of Chapter 59 of the General Laws to require assessors in each city and town to consider any restrictions on the use of real property when determining the fair cash valuation for taxation purposes. The bill also mandates that real property subject to taxation be classified into four categories: residential, open, commercial, and industrial, with the assessors applying the appropriate tax rate to each class to determine the final tax due on the property.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see H5247 (on 09/26/2022)

bill text


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