An Act relative to property tax deferral for seniors in the city of Taunton

This bill allows seniors aged 60 and older in Taunton to postpone paying their real estate property taxes if they meet specific income and residency requirements. To qualify, applicants must own and live in the property for at least five years, or be a surviving spouse inheriting the home, while also keeping their combined annual income below a limit set by the city's board of assessors. If approved, homeowners sign an agreement that records a lien on their property, ensuring that deferred taxes plus interest must be paid before the home can be sold or transferred, and heirs must settle these debts to inherit the property.