Agenda Text
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Requesting approval of an interest rate reduction from 8% to 3% pursuant to MGL c59 s5 Clause 18A for the temporary hardship exemption.
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Official Text
To the Honorable Board:
I respectfully request that this Board consider and approve an interest rate reduction from 8% to 3% for c. 59 s 5 Clause 18A, temporary hardship. Clause 18A allows for a tax deferral in much the same manner as Clause 41A but with no age restrictions. The taxpayer must have a demonstrated financial hardship due to unemployment, illness, change in active military status or other reason as determined by the Assessors. The deferral cannot exceed 3 consecutive years.
My staff will be available to answer any questions you may have. Thank you for your consideration of this matter, (Board order attached).
Respectfully,
Joseph A. Curtatone, Mayor