Property Tax Deferral for Persons Aged 65 or Older (Clause 41A)

State

Massachusetts

Year

2015

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Deferral

Benefit

Individual deferral and recovery agreements are established annually between the taxpayer and the local board of assessors. The amount of taxes deferred shall not exceed the proportion of the total value of the property owned by the applicant and the total amount of taxes due (including interest charged at 8% annually) shall not exceed 50% of the owner’s share of the property.

How is Benefit Disbursed

Other

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property is eligible for this program.

Eligibility Criteria

Age

Homeowner

Income Ceiling

Principal Residence

Description of Eligibility Criteria

This benefit is available to persons: (a) aged 65 or older; (b) who have lived in the state for at least 10 years and owned or occupied property for at least 5 years, or are surviving spouses that have inherited such real property and occupied it for at least 5 years; and (c) have gross receipts of less than $20,000.

Local Option in Adoption of Program

Local government must take action to opt in

Local Option Regarding Program Features

Local option regarding program features

State Funding for Local Tax Loss

Local government covers all of its tax loss

Description of State Funding for Tax Loss

State statutes do not provide for state funding for local tax loss.

Record ID

MA105_RR15

Footnotes

The property may not be sold or transferred unless the taxes have been paid with interest. Upon the demise of the property owner, legal heirs have first priority to said property provided that they pay in full all back taxes and interest. If the heir is a surviving spouse, the spouse may enter into a tax deferral and recovery agreement with the board of assessors.

Sources

Mass. Gen. Laws ch. 59, § 5-41A (in effect for 2015)

Join Our Mailing List

Back to top