MA H3120

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

Requires applicants to own and occupy the property as their domicile and have been domiciled in the municipality for at least 10 consecutive years before applying

Allows local boards of assessors to deny applications if they determine the applicant has excessive assets, even if other criteria are met

Municipalities set their own parameters for eligibility including age requirements, income limits, asset thresholds, and maximum property valuations

Exemptions are additive to other existing tax exemptions, and properties remain on tax rolls and subject to municipal bonded indebtedness obligations