Agenda Summary
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Chief Assessor presenting proposed Fiscal Year 2027 Tax Classifications and requesting the adoption of a minimum residential factor for Fiscal Year 2027 and acceptance of Massachusetts General Law Chapter 59 Section 5C, a residential exemption of 35% of average assessed value for owner-occupied properties.
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Official Text
To the Honorable City Council:
As Chief Assessor and Chairman of the Somerville Board of Assessors, I respectfully request adoption of the tax levy percentages for the fiscal year 2027 under M.G.L. Chapter 797.
In the course of my presentation, I will propose:
1. The adoption of a minimum residential factor for the City for FY 2027.
2. The acceptance of M.G.L. Ch 59, Sec 5C, approving a residential exemption of 35% of average assessed value for owner occupied properties for FY 2027.
I will be available at the meeting to answer any questions.
Respectfully Submitted,
Francis J. Golden, MAA
Chief Assessor and Chairman Board of Assessors