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

The bill establishes a senior property tax deferral pilot program in Massachusetts, allowing eligible homeowners to defer property taxes. Eligible homeowners must be 65 years or older and have owned and occupied the property for at least five years. The program will be implemented in a set of municipalities, aiming for approximately 10,000 households. The pilot program will run from tax year 2026 to 2035, with funding allocated annually. The Division of Local Services will manage the program, and an annual report will be submitted to relevant committees.

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

The bill establishes a senior property tax deferral pilot program in Massachusetts, allowing eligible homeowners to defer property taxes. Eligible homeowners must be 65 years or older and have owned and occupied the property for at least five years. The program will be implemented in a set of municipalities, aiming for approximately 10,000 households. The pilot program will run from tax year 2026 to 2035, with funding allocated annually. The Division of Local Services will manage the program, and an annual report will be submitted to relevant committees.