An Act to cap the amount by which a senior's property tax can increase
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes to limit the amount by which property taxes can increase for senior citizens in Massachusetts. It aims to provide greater property tax stability for seniors, who may be on fixed incomes and particularly vulnerable to rising tax assessments. The legislation seeks to protect seniors from significant property tax increases that could strain their budgets. It establishes a cap on the annual property tax increase for eligible seniors.
Key provisions
- Establishes a cap on the annual property tax increase for senior homeowners.
- Applies to homeowners aged 65 or older.
- The specific amount of the cap is not defined in the provided text.
- The bill was referred to the committee on Revenue and subsequently concurred by the Senate.
- Related bills addressing property tax relief for seniors and veterans were also considered.
Who is affected
- Senior citizens
- Homeowners
- Property tax payers
- Massachusetts residents
Notable changes
- This bill introduces a cap on property tax increases for seniors, a potential change from existing property tax policies.
- It builds upon existing efforts to provide tax relief for seniors, as evidenced by similar bills.
Bill text
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Sponsors
Official sponsors from legislative records.
4 on record
Primary sponsor
Cosponsors
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