Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Policy topic
No spam. Unsubscribe anytime.
Board advances disabled-veteran tax exemption; cost estimate provided
Summary
Board moved a disabled veterans exemption forward after staff reported 22 eligible veterans representing $5,290,770 in assessed value; at the current mill rate the full uptake would reduce taxes by about $146,660, though not all eligible veterans have applied.
The board reviewed a proposed disabled-veteran tax exemption and moved it forward for the usual cooling-off and adoption process. Town staff reported that 22 veterans are eligible under the proposed exemption, which corresponds to $5,290,770 in assessed value associated with eligible properties. At the current mill rate, if all 22 veterans applied and received the exemption, the town’s tax levy reduction would total approximately $146,660; staff noted not all eligible veterans apply.
A motion to move the disabled veterans exemption forward was made, seconded and carried by the board.
The proposal will follow the town’s normal review and adoption schedule, including any required public notice and legislative-body action before it goes into force (staff said it would have a cooling-off period and could go into force in May once approved).
