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Fall River committee discusses HERO Act options; finance committee tables proposed increases for veterans and seniors
Summary
Councilors debated whether to increase local property-tax exemptions for veterans and seniors under the state HERO Act, heard city financial staff on tradeoffs and ultimately tabled resolutions for further review at the finance level.
The Fall River City Council debated proposed increases in local property-tax exemptions for veterans and senior citizens under the state HERO Act and related provisions before the finance committee moved to table both resolutions for further consideration.
The HERO Act allows municipalities either to index veteran exemptions to inflation (clause I) or to adopt a local policy that doubles the existing exemption amounts (clause J). City staff described two paths: a CPI-based adjustment or an immediate percentage increase up to 100 percent under clause J.
City officials and the board of assessors presented baseline numbers. The transcript shows the existing local veteran exemption levels are $400 per year for (non-% disabled) veterans and $1,000 per year for % disabled veterans; those two categories…
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