SECTION 1. (a) Notwithstanding any general or special law to the contrary, the town of Chatham may, upon application of a taxpayer of record, consolidate a tax-title account established pursuant to chapter 60 of the General Laws with a tax-deferred account in instances where both accounts exist in force against the same parcel of residential property in the town.

 (b) Consolidation of a tax-title and tax-deferred account pursuant to subsection (a) shall only be granted to the taxpayer of record for the residential property under consideration by the town of Chatham if: (i) at least 1 resident of the property is disabled or age 65 or older; (ii) the household income, from all sources, of all residents of the property is not more than $50,000 in total; and (iii) the taxpayer who is liable for the payment has maintained the property as their primary residence for at least 5 years.

 (c) Notwithstanding any provision of chapter 60 of the General Laws [GS3.1]to the contrary, upon the town of Chatham consolidating a tax-title and tax-deferred account pursuant to subsection (a), the amount of all property taxes and accrued interest due to the town shall be subject only to the conditions and requirements of chapter 59 of the General Laws[GS4.1] applicable to the town.

 SECTION 2. This act shall take effect upon its passage.