New Facts: Acton Unveils Property Tax Relief Plan

Amy Acton unveiled a property tax relief plan centered on targeted help for homeowners. It would raise the household income limit for the homestead exemption, a property tax break for older and disabled homeowners, to $50,000 from $41,000, extending eligibility to 55,000 more homeowners. It would also offer rebates of up to $1,000 when a qualifying homeowner’s annual bill rises by more than 4%, limited to households earning under $132,000 with homes valued at or below $350,000.

The plan would further curb private sales of tax liens and restrict loans carrying interest rates of 18% or higher. It also calls for fully implementing the state’s school funding formula to shift more of school costs to the state and reduce reliance on local property taxes.

AI-synthesized from multiple reported sources