Establishes a senior property tax deferral program for eligible homeowners in Massachusetts.

The bill establishes a senior property tax deferral program for eligible homeowners in Massachusetts. It allows individuals aged 65 and over, or surviving spouses who inherit property, to defer property taxes on their primary residence if they have owned and occupied the property for at least five years. The deferral continues until the property is sold or the homeowner passes away. The deferred taxes, plus interest, are then due and payable. The bill also establishes a Senior Property Tax Deferral Revolving Fund to support the program.

Establishes a senior property tax deferral program for eligible homeowners in Massachusetts.

The bill establishes a senior property tax deferral program for eligible homeowners in Massachusetts. It allows individuals aged 65 and over, or surviving spouses who inherit property, to defer property taxes on their primary residence if they have owned and occupied the property for at least five years. The deferral continues until the property is sold or the homeowner passes away. The deferred taxes, plus interest, are then due and payable. The bill also establishes a Senior Property Tax Deferral Revolving Fund to support the program.