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Selectmen agree to raise elderly exemption asset limit to $70,000 for ballot
Summary
The selectmen accepted the town administrator’s elderly exemption recommendations with one change: increasing the allowable asset limit from $50,000 to $70,000. The revised recommendation will appear on the warrant for Town Meeting.
The Board of Selectmen reviewed a town administrator memo (dated Nov. 5, 2025) recommending adjustments to the elderly exemption for tax relief. The board agreed to the administrator’s recommended increases to assessed value deductions and income limits by age bracket, but moved to raise the allowable asset limit to $70,000 rather than the administrator’s $60,000 recommendation. A motion to accept the administrator's memo with that single change passed by voice vote.
Board members discussed aligning the asset limit increase with changes in the Consumer Price Index and indicated the revised figure is intended to keep the program equitable relative to inflation since 1999. The board confirmed the item will go on the warrant for voters to consider at Town Meeting and noted it would not take effect until approved by voters.
