Bill > H3512

This bill allows cities and towns to create programs for the partial payment of property taxes, meaning taxpayers can make payments in installments rather than one lump sum. Importantly, under these programs, any interest charged on unpaid property taxes will only be calculated on the remaining balance after a partial payment has been made, rather than on the original full amount. This change aims to provide more flexibility for property owners in managing their tax obligations and is being implemented by amending existing sections of Massachusetts General Laws related to tax collection and interest calculations.