An Act to cap the amount by which a senior's property tax can increase

This bill (HD 3074) caps annual property tax increases for qualifying senior homeowners in Massachusetts. It applies to Class One residential properties owned and occupied as a primary residence by residents aged 65+ who have lived in the state for 10 years and owned/occupied the property for 5 years. The cap limits annual tax increases to 2.5% (including special local tax overrides), preventing large yearly jumps. Local municipalities must approve the program through their selectmen, mayor, and city council before it applies to their residents.