Tag: property tax deferral

View of an older woman's back sitting on a city bench wearing a yellow coat

Across the nation, many older adults struggle to make ends meet.  The Elder Index, produced by the Gerontology Institute at UMass Boston, suggests that roughly one-third of older households have incomes below what it takes to meet basic needs and age in place.  One question is whether living in a high-wealth, high-cost state such as…

Senior Couple Sitting on Front Steps of Their House

A proposed pilot project could relieve the tax burden on older people. Some exciting news.  Adam Scanlon, a representative in the Massachusetts House, has submitted a bill to establish “ a senior property tax deferral pilot program.” I have always been a great fan of thinking about the house as a retirement asset and about…