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MA H3006
Bill
Status
Introduced
2/27/2025
Primary Sponsor
James Arciero
Click for details
AI Summary
- Freezes property tax assessments at the 30th-year valuation for homeowners who have occupied their property for 30 years or more
- Requires qualifying owners to have income at or below 100% of the area median income as determined by HUD
- Limits eligibility to owners with no more than $100,000 in liquid assets, excluding the value of the home
- Assessment freeze remains in effect until the property is sold or transferred
- Local option provision allowing cities and towns to choose whether to adopt the program
Legislative Description
Relative to the valuation of long term residences
Last Action
Read second and ordered to a third reading
3/9/2026
Committee Referrals
Steering, Policy and Scheduling2/11/2026
Revenue2/27/2025
Full Bill Text
No bill text available