Agenda Text
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Requesting approval of an interest rate reduction from 4% to 3% pursuant to MGL c59 s5 clause 41A for the senior property tax deferral.
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Official Text
To the Honorable Board:
I respectfully request that this Board consider and approve an interest rate reduction from 4% to 3% for interest that accrues on property taxes deferred by eligible seniors under MGL c. 59 s. 5 Clause 41A. Such reduced rate shall apply to taxes assessed for any fiscal year beginning on or after July 1, 2017.
My staff will be available to answer any questions you may have. Thank you for your consideration of this matter, (Board order attached).
Joseph A. Curtatone, Mayor