Massachusetts H3272 amends senior property tax deferral rules, requiring annual notifications and agreements with the board of assessors.

Massachusetts H3272 modifies the senior property tax deferral program by requiring the board of assessors to notify property owners annually about their tax deferral agreements. The bill mandates that these agreements include provisions for tax payment, interest accrual, and the consequences of non-payment. It also stipulates that any sale or transfer of the property must be contingent on the deferred taxes being paid. The changes apply to taxes assessed starting from July 1, 2025.

Massachusetts H3272 amends senior property tax deferral rules, requiring annual notifications and agreements with the board of assessors.

Massachusetts H3272 modifies the senior property tax deferral program by requiring the board of assessors to notify property owners annually about their tax deferral agreements. The bill mandates that these agreements include provisions for tax payment, interest accrual, and the consequences of non-payment. It also stipulates that any sale or transfer of the property must be contingent on the deferred taxes being paid. The changes apply to taxes assessed starting from July 1, 2025.