Massachusetts S1953 amends tax relief for older adults to include water and sewer charges and homeowners insurance costs.

Massachusetts S1953 modifies the definition of "real estate tax payment" to include 50% of the owner's water and sewer charges and homeowners insurance costs for calculating tax relief. This change applies to owners of residential property in communities that have not assessed water or sewer debt service charges. The bill aims to address the rising cost of home ownership by expanding the tax credit to cover these additional expenses.

Massachusetts S1953 amends tax relief for older adults to include water and sewer charges and homeowners insurance costs.

Massachusetts S1953 modifies the definition of "real estate tax payment" to include 50% of the owner's water and sewer charges and homeowners insurance costs for calculating tax relief. This change applies to owners of residential property in communities that have not assessed water or sewer debt service charges. The bill aims to address the rising cost of home ownership by expanding the tax credit to cover these additional expenses.