Massachusetts S2917 aims to prevent property tax bill shocks by offering credits to eligible properties.

Massachusetts S2917 introduces measures to prevent property tax bill shocks by providing tax shock prevention credits for eligible properties. These credits can be applied against actual tax bills in a tax shock year, defined as a fiscal year where the residential property tax levy growth percentage exceeds 10%. Eligible properties include those occupied by seniors, MassHealth recipients, unemployed individuals, young families, and those in high-need neighborhoods. The credits are limited to 50% of the difference between the actual and preliminary tax bills.

Massachusetts S2917 aims to prevent property tax bill shocks by offering credits to eligible properties.

Massachusetts S2917 introduces measures to prevent property tax bill shocks by providing tax shock prevention credits for eligible properties. These credits can be applied against actual tax bills in a tax shock year, defined as a fiscal year where the residential property tax levy growth percentage exceeds 10%. Eligible properties include those occupied by seniors, MassHealth recipients, unemployed individuals, young families, and those in high-need neighborhoods. The credits are limited to 50% of the difference between the actual and preliminary tax bills.