Bill > H2652

This bill proposes to amend Section 6 of Chapter 62 of the General Laws, specifically paragraph (3)(ii) of subsection (k), which deals with property tax relief for elderly persons. Currently, the law refers to a specific dollar amount, "$600,000," in relation to this relief. This bill seeks to replace that fixed dollar amount with a more dynamic measure: the median assessed value for a single-family home in the municipality for the preceding calendar year, as determined by the department of revenue. This change aims to make senior citizen property tax relief more equitable by tying it to local property values rather than a static figure, potentially offering more relevant relief as property values fluctuate.