An act increasing the property tax deferral for seniors

This legislation proposes increasing the local option cap to $80,000. 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 ($57,000 for t/y 2016).  Given the high cost-of-living in MA, this is low & penalizes "house rich & cash poor” seniors living on fixed incomes which exceed the threshold.