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Select board declares 69% certified ratio for 2025, which will lower homestead exemption
Summary
The Bristol select board voted to set the 2025 certified ratio at 69%, a move board members said will reduce the homestead exemption to about $17,250 from roughly $19,000, potentially affecting some taxpayers.
The Bristol select board voted to declare a 69% certified ratio for 2025, a figure board members said will reduce the town’s homestead exemption from roughly $19,000 to about $17,250.
Board members discussed the statutory range for adjusting the certified ratio and noted the change could be perceived as a tax increase by some residents even though it reflects valuation adjustments. One member said the board can move the ratio up to 100% in other circumstances but chose 69% for 2025.
A motion to declare the 69% ratio was made and seconded and subsequently adopted; the transcript does not include a detailed roll‑call tally. Officials noted the assessed homestead exemption estimate and said the certified ratio may be revisited next year as valuation trends change.
