Bill > S1961

This bill enables municipalities in Massachusetts to establish a local option policy that allows for freezing property tax assessments for certain residential properties. Under this legislation, cities and towns can choose to implement a property tax appraisal freeze by voting to accept the provision, which would allow eligible property owners to have their property's assessed value maintained at its current level for up to three years. Eligibility criteria can be determined by the municipality but may include owner-occupied primary residences, elderly persons, veterans, or other categories as defined locally. While the property's assessed value would remain frozen, properties would still be subject to value adjustments for significant improvements or renovations. The freeze can be renewed by a majority vote of the local legislative body, and the Massachusetts Commissioner of Revenue will be responsible for creating implementation regulations, including guidelines for administration, public notification, and annual reporting by local assessors. This bill provides municipalities with flexibility to offer property tax relief to specific groups or homeowners while maintaining the ability to account for substantial property improvements.

Budget and Finance

https://malegislature.gov/Bills/194/S1961