Establishes a 50% minimum residential factor for property tax classifications in Watertown, Massachusetts, starting in fiscal year 2027.

The bill sets a 50% minimum residential factor for property tax classifications in Watertown, Massachusetts, for fiscal year 2027 and subsequent years. It mandates that the commissioner of revenue may adjust this factor if necessary to ensure that no class of real or personal property is taxed at more than 175% of its full and fair cash valuation. This change applies to the city of Watertown and takes effect upon passage of the bill.

Establishes a 50% minimum residential factor for property tax classifications in Watertown, Massachusetts, starting in fiscal year 2027.

The bill sets a 50% minimum residential factor for property tax classifications in Watertown, Massachusetts, for fiscal year 2027 and subsequent years. It mandates that the commissioner of revenue may adjust this factor if necessary to ensure that no class of real or personal property is taxed at more than 175% of its full and fair cash valuation. This change applies to the city of Watertown and takes effect upon passage of the bill.