Bill > S2021

This bill proposes several modifications to property tax relief provisions for older adults in Massachusetts. The bill expands existing tax exemption clauses to include additional age groups and provides more flexible terms for property tax deferral. Specifically, it introduces a new clause allowing cities and towns to provide tax relief for individuals experiencing financial hardship due to age, infirmity, poverty, or changes in military status. The bill reduces the percentage threshold for tax deferrals from 10% to 7% and modifies the minimum exemption amount to be either the current household value or $80,000, whichever is greater. It also adjusts the interest accrual rates and conditions for tax deferral, allowing municipalities more discretion in how interest is calculated after property transfer or the taxpayer's death. Additionally, the bill streamlines the process for tax liens and foreclosure, requiring at least one year to pass after property conveyance or the taxpayer's death before a foreclosure petition can be filed. The changes aim to provide more comprehensive and flexible property tax relief for older adults and those facing financial challenges.

Budget and Finance

https://malegislature.gov/Bills/194/S2021