By Mr. Patrick of Falmouth, petition (accompanied by bill, House, No. 4119) of Matthew C. Patrick that tax assessors of cities and towns be directed to determine the fair cash valuation of affordable housing. Housing.

The Commonwealth of Massachusetts

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PETITION OF:

Matthew C. Patrick

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In the Year Two Thousand and Seven.

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An Act relative to the assessment of local taxes

    Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1.

Chapter 59 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by adding after Section 38 H the following section: —

Section 38 I:  Affordable Housing; valuation

In determining the fair cash valuation of affordable housing, as defined in section 1 of Chapter 60, the assessors of each city and town shall consider the deed restrictions ensuring affordability placed on the property. 

SECTION 2.    Section 1 shall be effective for fiscal years beginning on or after July 1, 2007.