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MA S1928
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Michael Brady
Click for details
AI Summary
- Local appropriating authorities may seek voter approval to cap annual property tax increases on Class One residential properties
- Principal residences would be limited to annual tax increases of 3% or the Consumer Price Index change, whichever is lower
- Non-principal residential properties would be capped at 10% annual tax increases
- Limits would not apply to value increases from taxpayer-made improvements or in any year the property is sold or transferred
- Taxpayers must notify the local assessor within 30 days if they cease to use the property as their principal residence to avoid penalties
Legislative Description
Establishing a municipal tax assessment increase limit
Last Action
Accompanied a study order, see S2757
11/26/2025
Committee Referrals
Revenue2/27/2025
Full Bill Text
No bill text available