Bill

Bill > H1570


MA H1570

To insure fair taxation of affordable housing


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to the classification of real property for purposes of taxation. Revenue.

AI Summary

This bill amends Section 38 of Chapter 59 of the General Laws to require assessors to consider any recorded restrictions on the use of a property when determining its fair cash valuation for tax purposes. The bill also classifies real property subject to taxation into four categories: residential, open, commercial, and industrial. The assessors will then apply the appropriate tax rate to the taxable valuation of each property class to determine the tax due.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Accompanied a study order, see H4244 (on 02/22/2018)

bill text


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