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Staff outlines Good Landlord tax‑exemption proposal; Trust signals support to opt in with pilot guardrails
Summary
Staff presented a draft Good Landlord property tax‑exemption design under the 2023 state law, recommending a $1,000/$1,500 tiered exemption by rental square footage, an occupant income cap at 120% AMI paired with an 80% AMI rent limit, and a 60‑exemption administrative cap as a pilot; board members requested flexibility and pilot language ahead of the select board warrant.
Staff briefed the Affordable Housing Trust on a draft Good Landlord tax‑exemption the town may opt into under state law passed in 2023. Dylan explained staff recommendations to simplify administration and limit fiscal exposure while testing the program.
Key staff recommendations presented to the Trust included: a tiered exemption amount of $1,000 for rented spaces of 500 square feet or less and $1,500 for spaces greater than 500 square feet; an occupant…
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