Massachusetts S2018 amends the senior property tax deferral program to include joint owners and requires written approval from mortgagees.

Massachusetts S2018 modifies the senior property tax deferral program by allowing joint owners to defer taxes on their jointly-owned property if they meet certain income and age criteria. The bill also requires written approval from any joint owner or mortgagee before a tax deferral and recovery agreement can be made. If the taxes are not paid or deferred, they become a lien on the property, with interest accruing until the property is conveyed or one year after the owner's death. The bill applies to taxes assessed for fiscal years beginning on or after July 1, 2025.

Massachusetts S2018 amends the senior property tax deferral program to include joint owners and requires written approval from mortgagees.

Massachusetts S2018 modifies the senior property tax deferral program by allowing joint owners to defer taxes on their jointly-owned property if they meet certain income and age criteria. The bill also requires written approval from any joint owner or mortgagee before a tax deferral and recovery agreement can be made. If the taxes are not paid or deferred, they become a lien on the property, with interest accruing until the property is conveyed or one year after the owner's death. The bill applies to taxes assessed for fiscal years beginning on or after July 1, 2025.