Bill > S2517

This bill establishes a senior property tax deferral program in the city of Taunton, Massachusetts. The program allows eligible seniors aged 60 and older who meet certain income and residency requirements to defer payment of their real estate property taxes. The deferred taxes, which accrue interest at a rate of up to 4% per year, must be paid back when the property is sold or transferred, or upon the death of the owner. The bill also outlines the process for entering into a tax deferral and recovery agreement with the city's board of assessors and the creation of a lien on the property to secure the deferred taxes.

https://malegislature.gov/Bills/193/S2517