Bill

Bill > H3332


MA H3332

Creating a local option property tax cap for low-income seniors


summary

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

Introduced Session

190th General Court

Bill Summary

For legislation to create a local option property tax cap for low-income persons sixty-five years of age or older. Revenue.

AI Summary

This bill creates a local option property tax cap for low-income seniors in Massachusetts. The bill allows cities and towns to impose a cap on property taxes for homeowners aged 65 or older who meet certain income and asset requirements, such as having a single income of $50,000 or less, a married income of $60,000 or less, and assets of $75,000 or less (excluding the primary residence and one motor vehicle). The assessments and tax rate changes for these qualified properties will be recalculated annually, and the lesser of the calculations will prevail as the property tax levy for that year.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

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

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