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Council asks finance, assessor and solicitor to study raising residential tax exemption to 35%
Summary
The council voted unanimously to ask the finance committee, city assessor and city solicitor to study increasing Malden’s residential tax exemption from 30% to the legal maximum of 35% and to explore expanding protections for seniors, veterans, widows and qualifying affordable units.
The Malden City Council on Feb. 4 approved a resolve requesting the finance committee, city assessor and city solicitor study raising the city’s residential tax exemption from 30% to 35% and the feasibility of expanding related protections for seniors, veterans, widows and residents of qualifying affordable units.
Councilor Spadafore sponsored the resolve and said the goal is to provide tax relief to owner‑occupants such as seniors, veterans and individuals with…
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