Bill > S1854

This bill aims to provide property tax relief for older adults in Massachusetts. The key provisions of the bill include: 1) expanding the eligibility criteria for property tax exemptions to include those who are unable to contribute fully to public charges due to age, infirmity, poverty, or financial hardship resulting from a change in military status; 2) reducing the number of years required for a tax deferral from 10 to 7; and 3) increasing the income threshold for tax deferrals from the current limit of the whole household income to the greater of the whole household income or $80,000. The bill also modifies the interest accrual and foreclosure procedures for deferred taxes.