An Act relative to property tax exemptions for the increased value of a home as a result of certain alterations and improvements to the home
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes to create a property tax exemption for homeowners who have made significant alterations or improvements to their properties. The exemption would cover the increased value of the home resulting from these changes. The goal is to provide financial relief to homeowners undertaking renovations and expansions, thereby potentially boosting local economies. The bill is currently under consideration by the Massachusetts legislature.
Key provisions
- Creates a property tax exemption for increased home value due to alterations and improvements.
- Exemption applies to the portion of the property tax bill representing the increased value.
- The bill does not establish a maximum value or dollar amount for the exemption.
- The bill does not outline eligibility requirements beyond homeownership.
- The bill is currently under consideration by the Revenue Committee.
- The bill is accompanied by a study order (H5318).
- The bill was subject to hearing dates and subsequent cancellations.
Who is affected
- Homeowners
- Property taxpayers
- Local municipalities (assessing departments)
Notable changes
- Introduces a new property tax exemption for home improvements.
- Lacks details regarding the exemption's scope or limitations.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours