Bill > H2699

This bill amends Chapter 59, Section 2A (b) of the General Laws, which deals with the classification of real property for local tax assessment purposes. Specifically, it changes the definition of properties that are taxed as residential to include those with one to three dwelling units, whereas previously it was one or more dwelling units. The bill then introduces a new classification, "Class one (a), commercially owned apartments," which will apply to property used for human habitation that contains more than three dwelling units, including any associated land, buildings, or improvements used by residents or their guests. This new classification also encompasses land in a residential zone that has been subdivided into residential lots and land used for manufactured housing communities, but it explicitly excludes hotels and motels, and notes that such properties may still be eligible for tax exemptions under other laws.