Expands the residential property tax exemption in Wellfleet, Massachusetts.

This bill expands the exemption for residential property in Wellfleet, Massachusetts. It allows for an exemption of up to 35% of the average assessed value of class one residential parcels. The exemption applies to the principal residence of the taxpayer or a year-round resident's principal residence. The town can set criteria for residency qualification. A taxpayer can apply for the exemption to the board of assessors. The exemption is in addition to other allowable exemptions, but the taxable valuation cannot be reduced below 10% of the full cash valuation.

Expands the residential property tax exemption in Wellfleet, Massachusetts.

This bill expands the exemption for residential property in Wellfleet, Massachusetts. It allows for an exemption of up to 35% of the average assessed value of class one residential parcels. The exemption applies to the principal residence of the taxpayer or a year-round resident's principal residence. The town can set criteria for residency qualification. A taxpayer can apply for the exemption to the board of assessors. The exemption is in addition to other allowable exemptions, but the taxable valuation cannot be reduced below 10% of the full cash valuation.