Adjusts property tax classifications in Watertown, Massachusetts, for fiscal year 2027 and beyond.

This bill modifies property tax classifications in Watertown, Massachusetts, for fiscal year 2027 and subsequent years. It sets a new minimum residential factor at 50 percent, subject to adjustments to ensure no class of real or personal property exceeds 175 percent of its full and fair cash valuation. The changes apply to the city of Watertown and are subject to further amendments by general or special law.

Adjusts property tax classifications in Watertown, Massachusetts, for fiscal year 2027 and beyond.

This bill modifies property tax classifications in Watertown, Massachusetts, for fiscal year 2027 and subsequent years. It sets a new minimum residential factor at 50 percent, subject to adjustments to ensure no class of real or personal property exceeds 175 percent of its full and fair cash valuation. The changes apply to the city of Watertown and are subject to further amendments by general or special law.