HomeMy WebLinkAbout2018-06-25-REPSC-min.pptPresented Version:
June 25, 2018
Lexington
Ad Hoc Residential Exemption Policy
Study Committee
ReDort to Se-ectmen
Mark Andersen, Sara Bothwell Allen, Vicki Blier, Howard Cloth, Katie Cutler, Thomas Whelan, John Zhao
Joe Pato (Liaison)
Presentation Purpose
to se.ectmen on co
Recap:
What is a Residential Exemption?
A policy whereby owner -occupied residential properties
receive a partial exemption from property taxes.
Committee Work To Date
eD
2018 - Oresent- B--
Deliverable: Input from Public Hearing
May 29, 20,18
-e-
k -tten ance- 19 peOO.
DUE)" C2
UNC gr
-on works and
-a
ral- t e p-- asped Dot- Res- -ent-a- t -
gene h n now a xernp
-nd- -C-1- 0 -y-
e _t was 1- e.y to benefit them
wn flner V
_e -on-
ing and imp_
Many q- _estbns addresseCll DO- cy sett - mentat
hop
-ng -wo- --a)--
U I
Public hearing pres-entation. FAQs and detailed minutes submitted- to town archive. La onDemand- video.
__C
Comm ents anged
f om st ong S DpOrt fO_ ent
-MD-em an
jaxempt-on to
fee --ng
---a nave
_t woul_ M
cal _mpact (e.g. not Denef- Wes or,
Re - i themse
a te
peers esp-
hop
-ng -wo- --a)--
U I
Public hearing pres-entation. FAQs and detailed minutes submitted- to town archive. La onDemand- video.
Committee Self -Assessment (June 2018)
n al er
-mpI emend at on and tax effectz-3 sto0a
-on
rect
or al.
Second order effects - no eady consens--s on magnitu
M-r-ttee dna- ge)
(Comm
eave ex-ngton Wth stat.As q..o v= exemiptwon'_
0 gation � who w---
Or-ces
o s ng andi IMenta-
_ou-s_ng Affordability
* Deve-oza3ment _ New- Deve-o-oment Condo Convers.on
--d
enses New G wt Torn Bu -getary mp
a e and —xio a cts
* -own B get Reven o h,
U
effects-
ODoseal actmvffies to st- - y
-a
ews and -es. ent s- -rveys
* M n m mg ex-oert nterv-
-nmtmes hard
comm- -
in s
emop ca ul a
* al e a - st es of effects
he comm- ends her
Means ested- Sen.oiax t- -ttee -ecornm %A
Defifion)_ W-tho- it d -
U aDDro h hich dres - -ome e ew
St dy of th ac -
-a
he commi.
Comm ttee charge to cover means p
tested exemti t ttee a. not
-ternat-Ve-
-1b.ic hearing as a --b C-1
offe. tn s at the D... %�� s.. stant-ate a.
Proposed Committee Activities
What we want from the Selectmen:
--gh C!
Rat fy comm ttee t me ne Uhmro.. en of CY 2018
%A Hn
U aDDIr a -o,%
np t _nto s -w- ey process (f
V_
or ax —xeMD
ne-orse aw-ect coMDallson of Means ested Sen t
Res
Et_a. Exemp on
v__t comm -ttee charge wh.ch states -
a
_h_ na na worK ng gro- qp forme - to st- - _y t-
&&�_
s ad�hoc Comm tee w-.-- contin- -e the wo-- of a fact f -
den
a ne-D -ea. n
R.esklenfia_ Exern-fion and analyZe aaODting the exenlDtmon co --cet eDrODeqy tax D
and make it easier for residents to remain in their homes."
_mpa _n
wo...- De
_e Using co -a
W -Ne D-ODerty taxes ar a DO-tbn of -no sts, afffe-ent -esm -ent -oo!D- --atm cted
Irlow sh wd we ass _e
t easie'? A- we meas _ng su th
afferent ways 0 ul ess "maKe bjec"ve m:Dact on
e s
eat
i e -
w n n home- passing an e- -empt on? t
focus on ema .s" and assess _rnpact on migration tion
-asses e -a emain
b a exernp on wi-11 maK
.s poss-I e that a res ent t e _t more difficult for some c of - s. ents to r
SO
_e or owneap
r horne hornes�dornides -
n theN = nteu *As exists in other communities