City of Somerville header
File #: 212654    Version: 1
Type: Mayor's Request Status: Approved
File created: 11/19/2021 In control: City Council
On agenda: 11/23/2021 Final action: 11/23/2021
Enactment date: 11/23/2021 Enactment #: 212654
Title: Chief Assessor presenting proposed FY2022 Tax Classifications and requesting: 1) the adoption of a residential factor of 86.0377, the minimum allowable for the City for FY2022; and 2) the acceptance of MGL c59 s5C, approving a residential exemption of 35% of average assessed value for owner occupied properties for FY2022.
Code sections: Appropriation/Budget -
Attachments: 1. FY22 Classification Hearing 2 _mm

  Agenda Text

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Chief Assessor presenting proposed FY2022 Tax Classifications and requesting: 1) the adoption of a residential factor of 86.0377, the minimum allowable for the City for FY2022; and 2) the acceptance of MGL c59 s5C, approving a residential exemption of 35% of average assessed value for owner occupied properties for FY2022.

 

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Official Text

Chief Assessor presenting proposed FY2022 Tax Classifications and requesting: 1) the adoption of a residential factor of 86.0377, the minimum allowable for the City for FY2022; and 2) the acceptance of MGL c59 s5C, approving a residential exemption of 35% of average assessed value for owner occupied properties for FY2022.