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RECEIVED <br /> TOWN CLERK <br /> LEXINGTON MA <br /> 2022 TAX DEFERRAL AND EXEMPTION STUDY COMMITTEE REPORT <br /> ROLE: The Tax Deferral and Exemption Committee is charged to review and <br /> recommend to the Select Board options for the deferral or exemption of local property <br /> taxes under existing state law, or by home rule petition for a special act of the state <br /> legislature, that might enhance or make accessible the property tax relief currently <br /> available to elderly, low-income, disabled or otherwise deserving residents. <br /> APPOINTED by the Select Board: Co-Chairs Vicki Blier and Patricia Costello, Richard <br /> Bair, Jane Current, Pam Joshi. Board Liaison, Joe Pato. Appropriations Committee <br /> Liaison, John Bartenstein. Staff Liaison, Carolyn Kosnoff. <br /> HIGHLIGHTS: <br /> • Fifty-three property tax deferrals were approved for FY2022 with the income limit <br /> at $90,000 and an interest rate of 0.08%. This is the same number of deferrals as <br /> in FY2021 when the interest rate was 1.44%. <br /> • Created an insert promoting Lexington's Senior Property Tax Deferral program <br /> which was included with first quarter real estate tax bills. <br /> • Publicized the Property Tax Deferral program in "Sage," the Senior newsletter. <br /> • Assisted the Assessor's Office in updating the Property Tax Relief Programs <br /> brochure with current information on the Massachusetts Circuit Breaker tax credit <br /> and the Federal Reserve interest rate to be used for deferrals. <br /> • Updated the 2021 Senior Circuit Breaker Anytown flyer for the Massachusetts <br /> Council on Aging (MCOA) <br /> • Joined with the Massachusetts AARP to follow property tax exemptions and <br /> deferral legislation and programs offered by other communities. <br />