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Committee discusses potential shift in resident property tax exemption
Summary
Members examined a possible increase to the year-round resident property tax exemption (current ~20%), discussed effects on non-resident taxpayers, and agreed to seek a finance briefing before taking a position.
Peter Halley, chair of the Advisory Committee of Non-Voting Taxpayers, raised the issue of the town's year-round resident property tax exemption and its potential change on May 2.
Halley summarized the difference: "If you're a year-round person, you pay on 80% of the assessed valuation ... where if you're a non-resident as we are, you pay on 100% of the assessed valuation." He said the committee…
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