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Bill > H4004


MA H4004

Relative to property tax exemptions for rental properties in the town of Lincoln deed restricted as affordable housing


summary

Introduced
11/02/2017
In Committee
11/02/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to property tax exemptions for rental properties in the town of Lincoln deed restricted as affordable housing

AI Summary

This bill provides a property tax exemption for rental properties in the town of Lincoln, Massachusetts that are deed-restricted as affordable housing. The exemption is proportional to the square footage of the affordable accessory dwelling units on the property, and the exemption is determined based on the assessed value of the entire property as if all units were rented at fair market value. The exemption is subject to approval by the Attorney General of the town's Affordable Accessory Apartment Bylaw, and it will expire after 3 years of implementation.

Sponsors (0)

No sponsors listed

Last Action

Read second and ordered to a third reading (on 11/20/2017)

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