MA S1953

Expands the definition of "real estate tax payment" for calculating older adult tax credits under Massachusetts General Laws Chapter 62, Section 6

Allows 50% of homeowners insurance premiums to be included in the real estate tax payment calculation, regardless of whether insurance is required by a mortgage holder

Continues existing provisions allowing water and sewer debt service charges to count toward the credit calculation

For communities without water/sewer debt service charges on tax bills, 50% of separately paid water and sewer charges remain eligible for inclusion

Multi-unit dwelling owners may include proportional shares of property taxes, water/sewer charges, and homeowners insurance costs based on procedures established by the commissioner