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Select Board keeps residential tax exemption at 25% and 1.7 shift after public hearing
Summary
After a public hearing and extended public comment about home affordability and impending capital projects, the Select Board voted unanimously to retain the 25% residential tax exemption and a 1.7 shift for 2026 tax classification.
The Nantucket Select Board voted unanimously on Dec. 3 to retain the town's residential tax exemption at 25% and a 1.7 shift for the coming tax year after a public hearing and extensive board discussion.
Rob Ranney, the town assessor, explained how the residential exemption works under Massachusetts General Laws (Chapter 59, Section 5C) and showed examples of a 25% to 50% exemption'scale. "The residential class was paying 93% prior to the shift,"…
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