MA H3272

Amends the senior property tax deferral program (Clause 41A) for homeowners age 65+ who meet income limits, allowing them to defer property taxes until the home is sold or the owner dies

Changes the interest rate on deferred taxes to the greater of the municipality's most recent bond rate (if bonded within 3 years) or the state's most recent bond rate, with local option to set a lower rate

Requires boards of assessors to notify existing tax deferral participants annually in writing and by telephone of the application deadline for exemption renewal

Requires boards of assessors to provide annual written statements to participants showing their current balance owed under the deferral agreement

Applies to taxes assessed for fiscal years beginning on or after July 1, 2025