MA H4051

Grants cities and towns discretionary authority to set residential tax rate factor shifts and determine the portion of tax levy paid by commercial, industrial, and personal property classes, independent of the state commissioner of revenue

Allows municipalities to impose higher taxation on properties registered as derelict or abandoned (residential, commercial, or industrial) for at least 5 years

Permits cities and towns to apply for hardship relief from the commissioner of revenue to cover property tax revenue shortfalls during periods when the state has collected a tax surplus

Caps hardship relief applications at 5% of the total tax levy amount for any applying municipality

Amends Section 56 of Chapter 40 of the General Laws by adding two new paragraphs