Bill > S1760

This bill establishes a municipal tax assessment increase limit for residential property classified as Class One in Massachusetts. The bill allows the local appropriating authority to seek voter approval to limit the annual increase on total taxes assessed on such property to either 3% or the percentage change in the Consumer Price Index, whichever is lower. This limit would apply to the principal residence of a taxpayer, but for other residential property, the limit would not exceed 10% of the annual increase. The bill outlines specific provisions, such as the automatic application of the limits, exceptions for improvements made by the taxpayer, and the requirement for taxpayers to notify the local assessor's office if they cease to use the property as their principal residence.

Budget and Finance

https://malegislature.gov/Bills/193/S1760