Bill > S1411

This bill proposes to amend existing Massachusetts General Laws, specifically Section 5 of Chapter 59, to allow cities and towns to reduce property taxes for certain senior citizens. If a city or town accepts this provision, the board of assessors will be required to annually lower the property tax for individuals who are at least 65 years old before the start of the fiscal year for which the tax is assessed, have resided in that city or town for 25 years or more, and occupy the property as their primary residence, either alone or with their spouse. The reduced tax amount would be capped at the level it was in the fiscal year immediately preceding the individual turning 65.