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Bill > H3034


MA H3034

MA H3034
Making senior citizen property tax relief more equitable


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 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)

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