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Select Board backs warrant article to raise elderly property-tax exemption brackets
Summary
The board voted to support a warrant article proposing $10,000 increases to each elderly exemption bracket; presenter estimated the change would affect about 67 claimants and raise exempt valuation by ~$670,000 (estimated $14,000 tax impact; ~0.1% on the tax rate).
A Select Board member presented a warrant-article proposal Oct. 28 to increase Candia’s elderly property-tax exemption brackets by $10,000 per tier to help offset inflation-related increases in property tax burden. The board voted to support placing the article on the town warrant.
The presenter said the current brackets —…
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