Massachusetts H3280 limits property tax increases to 20% annually and prevents reassessment for three years after a triggering event.

Massachusetts H3280 aims to control property tax increases by capping annual rises to no more than 20% over the previous fiscal year's taxes. It also prevents reassessment or additional tax hikes for three years following a reassessment triggered by the sale of comparable properties. This act applies to existing residential properties, defined as those not classified as new construction or fully reconstructed. The Massachusetts Department of Revenue will oversee implementation and compliance, and homeowners can appeal assessments that violate the act's provisions.

Massachusetts H3280 limits property tax increases to 20% annually and prevents reassessment for three years after a triggering event.

Massachusetts H3280 aims to control property tax increases by capping annual rises to no more than 20% over the previous fiscal year's taxes. It also prevents reassessment or additional tax hikes for three years following a reassessment triggered by the sale of comparable properties. This act applies to existing residential properties, defined as those not classified as new construction or fully reconstructed. The Massachusetts Department of Revenue will oversee implementation and compliance, and homeowners can appeal assessments that violate the act's provisions.