The New Shoreham Town Council meeting on December 5, 2024, spotlighted a significant push towards refining the town's property tax system. Council members discussed the need for a more nuanced approach that better reflects consumption and the services provided to residents. This initiative has been in the works for about four years, culminating in the introduction of a homestead exemption last year, which was generally viewed as a positive step but criticized for being somewhat blunt in its application.

Council members emphasized the importance of extending the homestead exemption to year-round renters, aiming to support those who provide housing on the island. This proposed change would require new legislation, as current laws only apply to owner-occupied homes. The council acknowledged that while they have the authority to differentiate tax rates between residential and commercial properties, the existing framework does not allow for such flexibility in taxing year-round residents who are not homeowners.

In addition to tax discussions, the council touched on the need to update local ordinances to better align with current community needs. Members expressed a desire to review and potentially revise outdated regulations, particularly concerning noise and outdoor entertainment licenses. This reflects a broader goal of ensuring that the town's laws evolve alongside its changing landscape.

The meeting concluded with a call for collaborative brainstorming sessions to address these issues, highlighting the council's commitment to adapting legislation and ordinances to better serve the New Shoreham community. As these discussions progress, residents can expect further developments aimed at enhancing the town's property tax system and regulatory framework.