summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to property tax relief for elderly persons. Revenue.
AI Summary
This bill aims to make the property tax relief for elderly persons more equitable. The key provision is that it changes the maximum property value threshold for eligibility for the tax relief from a fixed amount of $600,000 to the median assessed value for a single-family home in the municipality for the preceding calendar year, as calculated by the Department of Revenue. This adjustment ties the eligibility threshold to the local real estate market, ensuring the tax relief is more accessible to senior citizens across different communities.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H2649 |
| Bill | https://malegislature.gov/Bills/190/H2649.pdf |
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