Property tax deferral

Munnell, Alicia Haydock, Anek Belbase, Wenliang Hou, and Abigail N. Walters. “Property tax deferral”. Issue in Brief 17-19, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, November 2017. http://hdl.handle.net/2345/bc-ir:108903.
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Abstract

The brief's key findings are: (1) Some states and localities allow older homeowners to defer property taxes, with deferred amounts repaid with interest when the house is sold. (2) However, these programs have many limitations and very low take-up. (3) A proposed redesign for Massachusetts would: (a) open up the program to all older homeowners by removing income limits; (b) make sign up very simple - just check a box on the tax bill; and (c) have the state reimburse localities and collect repayments from participants. (4) Creating a pilot program to test this new design would be a good way to gauge its viability and improve its effectiveness.

Title
Property tax deferral: A proposal to help Massachusetts seniors
Author
Munnell, Alicia Haydock
Belbase, Anek
Hou, Wenliang
Walters, Abigail N.
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
November 2017
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
17-19
Persistent Link
http://hdl.handle.net/2345/bc-ir:108903
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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