Massachusetts 2023-2024 Regular Session

Massachusetts Senate Bill S1760 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1 of 1
2	2	SENATE DOCKET, NO. 1460 FILED ON: 1/19/2023
3	3	SENATE . . . . . . . . . . . . . . No. 1760
4	4	The Commonwealth of Massachusetts
5	5	_________________
6	6	PRESENTED BY:
7	7	Michael D. Brady
8	8	_________________
9	9	To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
10	10	Court assembled:
11	11	The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
12	12	An Act establishing a municipal tax assessment increase limit.
13	13	_______________
14	14	PETITION OF:
15	15	NAME:DISTRICT/ADDRESS :Michael D. BradySecond Plymouth and Norfolk 1 of 2
16	16	SENATE DOCKET, NO. 1460 FILED ON: 1/19/2023
17	17	SENATE . . . . . . . . . . . . . . No. 1760
18	18	By Mr. Brady, a petition (accompanied by bill, Senate, No. 1760) of Michael D. Brady for
19	19	legislation to establish a municipal tax assessment increase limit. Revenue.
20	20	The Commonwealth of Massachusetts
21	21	_______________
22	22	In the One Hundred and Ninety-Third General Court
23	23	(2023-2024)
24	24	_______________
25	25	An Act establishing a municipal tax assessment increase limit.
26	26	Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
27	27	of the same, as follows:
28	28	1 Section 21C of chapter 59 of the General Laws, as appearing in the 2020 Official Edition,
29	29	2is hereby amended by adding the following paragraph:-
30	30	3 (o) The local appropriating authority of any city or town may, by majority vote, seek
31	31	4voter approval to limit the annual increase on the total taxes assessed on real property classified
32	32	5as Class One, residential; provided, however, that the limit shall equal 3 per cent of the annual
33	33	6increase or the percentage change in the Consumer Price Index published by the United States
34	34	7Department of Labor, Bureau of Labor Statistics, for such year, whichever is lower, for the
35	35	8principal residence of a taxpayer as defined in section 1 of chapter 188; provided further, that the
36	36	9limit shall not exceed 10 per cent of the annual increase for said real property that is not the
37	37	10principal residence of a taxpayer as defined in said section 1 of said chapter 188; and provided
38	38	11further, that the total taxes assessed on said real property shall not exceed the rate based on the
39	39	12full and fair cash valuation of said property. The question submitted to the voters shall be worded
40	40	13as follows:- 2 of 2
41	41	14 “Shall the (city/town) of _________ be allowed to limit the annual increase on the total
42	42	15taxes assessed on real property classified as Class One, residential?
43	43	16 Yes ___ No ___.”
44	44	17 If a majority of the persons voting on the question shall vote “yes”, the local
45	45	18appropriating authority of the city or town shall be allowed to limit the annual increase on the
46	46	19total taxes assessed on real property classified as Class One, residential pursuant to this
47	47	20paragraph; provided, however, that any limits established under this paragraph shall apply
48	48	21automatically; provided further, that any limits established under this paragraph shall not apply
49	49	22to any increases in value to said real property resulting from improvements made by the
50	50	23taxpayer; provided further, that any limit established under this paragraph shall not apply in any
51	51	24fiscal year in which the real property is sold or otherwise transferred for consideration; and
52	52	25provided further, that should a taxpayer cease to reside or intend to reside in said real property as
53	53	26the taxpayer’s principal residence as defined in said section 1 of said chapter 188, the taxpayer
54	54	27shall notify the local assessor’s office within 30 days to avoid the assessment of any penalties or
55	55	28any other real estate obligations.