Variations in Receipt of Benefit
No Variation in Receipt of Benefits
The benefit is a deferral of annual property taxes for qualifying seniors. 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. The state will place a lien on the property for the amount of the tax deferred plus interest which must be paid in full upon the transfer or sale of the property, or the death of the owner, unless a surviving spouse enters into a similar tax deferral agreement. Applications must be filed each fiscal year by 1 April or three months after the actual tax bills are mailed, whichever is later.
How is Benefit Disbursed
Eligible Property Type
Characteristics of Eligible Property
Only residential property is eligible for this program.
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, whether filing jointly or individually (these limits may be increased by local option)
Local Option in Adoption of Program
Local government is unable to exercise an option
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.
Massachusetts Department of Revenue Informational Guideline Release 06-201 for Senior Property Tax Deferrals [http://www.mass.gov/dor/docs/dls/publ/igr/2006/igr06-201.pdf Accessed 01/24/2018] View Archived Source
Massachusetts Department of Revenue State Tax Form 97: Seniors 65 and Older Application for Property Tax Deferral [http://www.mass.gov/dor/docs/dls/publ/forms/97-41a-application.pdf Accessed 1/24/18] View Archived Source