summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to the classification of real property for purposes of taxation. Revenue.
AI Summary
This bill amends Section 38 of Chapter 59 of the General Laws to change how assessors determine the fair cash valuation of real property for taxation purposes. The key provisions are: (1) assessors must consider any recorded use restrictions when determining fair cash valuation; (2) real property must be classified into one of four classes - residential, open, commercial, or industrial; and (3) the applicable tax rate for each class, as determined under Section 23A of Chapter 59, will be applied to the taxable valuation of that class of property to calculate the taxes due.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H4725 (on 06/17/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H2869 |
| BillText | https://malegislature.gov/Bills/193/H2869.pdf |
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