Massachusetts H3078 allows municipalities to freeze residential tax rates or valuations for elderly residents with means-tested criteria.

Massachusetts H3078 provides municipalities the option to freeze residential tax rates or valuations for elderly residents, subject to means-tested criteria. To qualify, applicants must meet specific conditions, including age, domicile, and asset limits set by the city or town. This exemption applies to real property owned and occupied by the applicant or joint applicants. The freeze is in addition to any other exemptions provided by law, and the property must remain on the tax rolls and subject to bonded indebtedness.

Massachusetts H3078 allows municipalities to freeze residential tax rates or valuations for elderly residents with means-tested criteria.

Massachusetts H3078 provides municipalities the option to freeze residential tax rates or valuations for elderly residents, subject to means-tested criteria. To qualify, applicants must meet specific conditions, including age, domicile, and asset limits set by the city or town. This exemption applies to real property owned and occupied by the applicant or joint applicants. The freeze is in addition to any other exemptions provided by law, and the property must remain on the tax rolls and subject to bonded indebtedness.