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.
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- Core Provisions
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