An Act relative to establishing a municipal tax assessment increase limit

Summary

The bill would let cities and towns decide how much of the residential tax rate shift and tax levy is paid by commercial, industrial and personal‑property owners, and whether to tax long‑abandoned properties at higher rates. It also creates a hardship application that lets a municipality ask the state revenue commissioner to cover up to 5 % of a tax‑revenue shortfall when the state has a surplus. The changes aim to give localities more flexibility in funding services.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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