Bill > H4041

This bill establishes a senior property tax deferral pilot program in Massachusetts. The program will allow certain homeowners aged 65 or older to defer payment of their property taxes up to 60% of the first $1 million in assessed value of their home. To participate, eligible homeowners must opt-in annually and enter into a tax deferral and recovery agreement with their local assessors' board. The program will be limited to approximately 10,000 households across a representative set of municipalities. The Massachusetts Department of Revenue will administer the program and provide annual reports on its revenue, costs, and participating municipalities. The pilot program will terminate once a substantially similar statewide senior property tax deferral program is enacted.

Budget and Finance

https://malegislature.gov/Bills/192/H4041