Bill > H3280

This bill proposes limits on property tax increases for existing residential properties in Massachusetts by establishing several key protections for homeowners. Under the proposed legislation, the assessed value of an existing residential property cannot result in a property tax increase of more than 20% over the previous fiscal year's taxes. The bill defines "existing residential properties" as homes constructed prior to a triggering event like property sales or reconstructions in the area. Properties that have been reassessed due to such triggering events would be protected from further reassessment or additional tax increases for at least three fiscal years. The Massachusetts Department of Revenue would be responsible for providing implementation guidelines and monitoring municipal compliance, and homeowners would retain the right to appeal any assessments that violate the act's provisions. Additionally, the bill includes a severability clause, meaning that if any part of the legislation is found to be legally invalid, the remaining provisions would still remain in effect. The overall intent of the bill appears to be protecting homeowners from sudden, significant property tax increases that could make housing less affordable.

Budget and Finance

https://malegislature.gov/Bills/194/H3280