MA H3078

Authorizes Massachusetts cities and towns to adopt ordinances freezing property tax rates and valuations for elderly residents and permanently disabled individuals who meet locally-determined income limits

Requires applicants to have been domiciled in the municipality for at least 10 consecutive years before applying for the exemption

Allows local boards of assessors to deny applications if applicants have excessive assets, with municipalities setting their own thresholds for property valuation, income, assets, and qualifying age

Property must be owner-occupied as the applicant's primary domicile, with at least one joint applicant being 65 years or older

Tax freeze is in addition to other existing exemptions, and properties remain on tax rolls subject to municipal bonded indebtedness