CL41A – DEFERRAL
REQUIREMENTS: Must be owner occupied. One of the owners must be 65 years of age and have lived in Massachusetts 5 years to apply. The income of the household cannot be more than $20,000 yearly. They cannot have any assets other than their house. The total amount of taxes each year will be deferred until a time that the property is sold and then the Town would be paid the amount of taxes plus interest.
NOTE: If there has been an exemption applied for, the taxes will be deferred after the exemption is deducted.
|