Bill > S1535

This bill allows towns and cities to offer a tax deferral program for homeowners aged 55 and older who live in designated housing communities, meaning that eligible residents could potentially postpone paying their property taxes. This program can be implemented at the discretion of town selectmen or a city's mayor, with the approval of the city council. Furthermore, the bill proposes that eligible individuals, who are 55 years of age or older as of July 1st of the tax year, could receive a property tax reduction ranging from 10% to 20% of their tax liability.