An Act establishing a municipal tax assessment increase limit

This bill would allow Massachusetts cities and towns to vote on whether to cap how much property taxes can increase each year. If approved by voters, the cap would be set at the lower of 3% or the annual change in the Consumer Price Index, with a higher 10% limit allowed for non-residential properties. The law would not apply to tax increases caused by property improvements or when a home is sold, and residents must notify local officials within 30 days if they stop living in their principal residence.