Massachusetts H3164 amends property tax classification to ensure fair taxation of affordable housing.
Massachusetts H3164 amends Chapter 59 of the General Laws to revise property tax classification, ensuring fair taxation of affordable housing. The bill introduces a new Section 38 that replaces the existing section, detailing how assessors should determine the fair cash valuation of real property. It mandates that assessors consider any restrictions recorded with the property deed. The bill classifies properties into four
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