Bill > S1853

This bill establishes a special commission to determine the feasibility of creating a state property tax deferral program for individuals aged 65 and older. The commission will evaluate a 3-year pilot program in a designated area with 10,000 eligible households, which would allow eligible homeowners to defer property tax payments until the deferred amount, interest, and outstanding mortgage reach 60% of the property's assessed value. The program would be administered by the Massachusetts Department of Revenue, with the state sending the deferred taxes to the local municipalities and retaining a lien on the property. The commission will review the pilot program's experiences and policy efforts in other states, and provide recommendations and draft legislation by December 31, 2024.

Budget and Finance

https://malegislature.gov/Bills/193/S1853