An Act updating the tax treatment of recreational lands in the town of Belmont

Starting July 1, 2024, the Town of Belmont will stop applying special tax rates for recreational land, meaning such properties will be assessed and taxed like other land. Landowners in Belmont can no longer submit applications to qualify for these reduced recreational land tax rates after this date. However, the bill ensures that rules regarding changes in land use, taxes due when land is sold, and penalties for reverting to non-recreational use remain in effect for properties that were previously taxed under the recreational classification. This change directly affects current and future landowners in Belmont who wish to maintain or seek recreational land tax status.