Full Citation

Title: Property Tax Deferral: A Proposal to Help Massachusetts' Seniors

Citation Type: Working Paper

Publication Year: 2017

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Abstract: The discussion proceeds as follows. The first section describes the nation’s retirement income challenge and the particular problem created by Massachusetts’ high housing costs. The second section describes the major existing programs for homeowners’ relief in Massachusetts: two that cost the taxpayer and one that allows low-income homeowners to help themselves through limited property tax deferral. The third section describes a proposal for a new statewide program of property tax deferral that would be open to all homeowners. The fourth section addresses likely utilization and startup costs before the program becomes self-financing. The final section concludes that a comprehensive property tax deferral program offers enough promise to at least be tried as a pilot.

Url: http://crr.bc.edu/wp-content/uploads/2017/11/IB_17-19.pdf

User Submitted?: No

Authors: Munnell, Alicia, H; Belbase, Anek; Hou, Wenliang; Walters, Abigail

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Publication Number: 17-19

Institution: Boston College

Pages: 15

Publisher Location: Boston, MA

Data Collections: IPUMS USA

Topics: Aging and Retirement, Housing and Segregation, Other

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