Bill

Bill > H2930


MA H2930

To provide municipalities with the option to freeze residential tax rate or valuation for the elderly with means tested criteria


summary

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

Introduced Session

192nd General Court

Bill Summary

For legislation to provide municipalities with the option to freeze residential tax rate or valuation for the elderly with means tested criteria. Revenue.

AI Summary

This bill provides municipalities in Massachusetts with the option to freeze the residential tax rate or valuation for elderly homeowners who meet certain means-tested criteria. The key provisions include allowing municipalities to freeze taxes for those over a certain age or who are permanently disabled, with income and asset limits determined by the municipality. The tax freeze would be in addition to any other exemptions, and the property would remain on the tax rolls and subject to bonded indebtedness. The bill aims to provide property tax relief for elderly residents with limited means.

Committee Categories

Budget and Finance

Sponsors (13)

Last Action

Accompanied H2915 (on 04/14/2022)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...