summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/192/H2981 |
Bill | https://malegislature.gov/Bills/192/H2981.pdf |
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