Expands small property tax abatements in Auburn, Massachusetts, by increasing exemption amounts and allowing exemptions for commercial properties.

The bill adjusts the criteria for small property tax abatements in Auburn, Massachusetts, by increasing the exemption amounts for certain property values. It raises the threshold for the sixth sentence from ten to twenty-five and from one million to five million for the eighth sentence. Additionally, the Select Board for Auburn can now provide exemptions for commercial properties with multiple occupants if at least 50% of the occupants qualify. The act takes effect upon passage.

Expands small property tax abatements in Auburn, Massachusetts, by increasing exemption amounts and allowing exemptions for commercial properties.

The bill adjusts the criteria for small property tax abatements in Auburn, Massachusetts, by increasing the exemption amounts for certain property values. It raises the threshold for the sixth sentence from ten to twenty-five and from one million to five million for the eighth sentence. Additionally, the Select Board for Auburn can now provide exemptions for commercial properties with multiple occupants if at least 50% of the occupants qualify. The act takes effect upon passage.