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 senior citizen property taxes. Revenue.
AI Summary
This bill amends the Massachusetts General Laws to change the property tax relief eligibility threshold for senior citizens. Specifically, it replaces the fixed $600,000 limit on the assessed value of a single-family home with a variable limit set at the median assessed value for a single-family home in the municipality for the preceding calendar year, as calculated by the Department of Revenue. This change aims to make the senior citizen property tax relief program more equitable by adjusting the threshold to the local real estate market conditions.
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/H3034 |
| Bill | https://malegislature.gov/Bills/192/H3034.pdf |
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