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2011-TDES-rpt
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2011-TDES-rpt
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6/8/2023 3:46:42 PM
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6/8/2023 3:46:41 PM
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Archives
Year
2011
Department
Town Clerk
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Reports
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RECEIVED <br /> TOWN CLERK <br /> TAX DEFERRAL AND EXEMPTION STUDY COMMITTEE LEXINGTON MA <br /> ROLE: To study,understand, and evaluate options for helping lower-income citizens,particularly seniors, <br /> with their property taxes.To research existing state legislation that enables local tax exemptions and <br /> deferrals,estimate the probable cost to the town budget,and advise the Selectmen on the costs and benefits, <br /> pros and cons of each option. To track legislation currently under development by the Commonwealth and <br /> to encourage legislation beneficial to town interests. <br /> APPOINTED by the Board of Selectmen: Co-Chairs Vicki Blier and Patricia Costello,Joel Adler,Mary <br /> Haskell,Anne McQuilken,Board Liaison,Norman Cohen. Appropriations Committee Liaison,John <br /> Bartenstein. Staff Liaison,Rob Addelson. <br /> HIGHLIGHTS: <br /> • Continued to follow legislation pertaining to tax exemptions and deferrals <br /> • Joined with the Property Tax Relief Committee of the Massachusetts Council on Aging to follow <br /> tax exemptions and deferrals offered by other communities and emerging at the state level. <br /> • Updated the committee's brochure,Property Tax Relieffor Seniors,with current information for <br /> distribution by the Town <br /> • The committee continues to do research and to participate in discussions with town officials to <br /> maintain eligibility standards for the Town's deferral program that are both fiscally prudent and <br /> beneficial to deserving property owners. A Selectman's motion to raise the eligibility standard to <br /> households with incomes of up to$60,000 was approved by the Spring 2011 Town Meeting.For <br /> the FY2012 property tax year. <br />
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