MA S2021

Reduces the residency requirement for senior property tax deferrals from 10 years to 7 years in a municipality

Creates new Clause Eighteenth ½ allowing cities and towns to exempt portions of property for persons unable to fully pay due to age, infirmity, poverty, or financial hardship from military activation (excluding initial enlistment)

Establishes an $80,000 income floor for tax deferral eligibility, applicable when it exceeds the standard household income threshold

Allows municipalities to extend the lower interest rate on deferred taxes for 1 year after the death of the person whose taxes were deferred

Prohibits municipalities from assigning their interest in deferred tax liens and requires at least 1 year to pass after property conveyance or death before foreclosure proceedings can begin