An Act increasing the property tax deferral for seniors

S.1543

Certain homeowners 65 years of age and older currently have the option to defer paying their property taxes. Under existing law, this is a local option that is capped at the maximum allowance under the senior circuit breaker for a single person who is not head of household, which is $53,000 for the 2012 tax year.   Given the high cost-of-living in Massachusetts, this is unrealistically low and penalizes ‘house rich and cash poor’ seniors living on a fixed income who exceed the income threshold.   This legislation proposes increasing the local option cap to $65,000