The bill titled "An Act relative to establishing a municipal tax assessment increase limit" aims to introduce a cap on the increase of municipal tax assessments within the Commonwealth of Massachusetts. This legislation is presented by Rita A. Mendes and seeks to provide a framework for limiting how much municipalities can raise property tax assessments, thereby potentially offering financial relief to property owners and ensuring more predictable tax obligations.

The bill is currently in the drafting stage, as indicated by the note that it is "being worked on by House Counsel." Specific legal language for insertions or deletions has not been provided in the text, suggesting that the details of the proposed changes to current law are still under consideration.