Massachusetts S2048 proposes to reduce property taxes for seniors who have lived in the same city or town for 25 years or more.

Massachusetts S2048 amends Chapter 59 of the General Laws to allow cities and towns to reduce property taxes for residents who have reached age 65 and have lived in the same city or town for 25 years or longer. The reduction would set the tax to the amount due in the fiscal year before the resident turned 65, provided they occupy the property as their domicile or jointly with their spouse.

Massachusetts S2048 proposes to reduce property taxes for seniors who have lived in the same city or town for 25 years or more.

Massachusetts S2048 amends Chapter 59 of the General Laws to allow cities and towns to reduce property taxes for residents who have reached age 65 and have lived in the same city or town for 25 years or longer. The reduction would set the tax to the amount due in the fiscal year before the resident turned 65, provided they occupy the property as their domicile or jointly with their spouse.