Portsmouth can change its tax classification plan starting from December 31, 2026.

This bill amends the General Laws to allow the town of Portsmouth to adopt, repeal, or modify its tax classification plan for any tax year on and after December 31, 2026. The tax classification plan outlines how different types of property are taxed. This change enables the town council to adjust tax rates and classifications to better suit local economic conditions or policy goals.

Portsmouth can change its tax classification plan starting from December 31, 2026.

This bill amends the General Laws to allow the town of Portsmouth to adopt, repeal, or modify its tax classification plan for any tax year on and after December 31, 2026. The tax classification plan outlines how different types of property are taxed. This change enables the town council to adjust tax rates and classifications to better suit local economic conditions or policy goals.