City of Somerville header
File #: 210263    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/8/2020 In control: City Council
On agenda: 6/11/2020 Final action: 6/11/2020
Enactment date: 6/11/2020 Enactment #: 210263
Title: Requesting the adoption of MGL Chapter 59, Section 5, Clause 54, to exempt small personal property accounts from taxation.
Code sections: Acceptance of MGL -
Attachments: 1. EXEMPTION OF CERTAIN TAXABLE PERSONAL PROPERTY MGL CH 59 SEC 5 CL 54

  Agenda Text

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Requesting the adoption of MGL Chapter 59, Section 5, Clause 54, to exempt small personal property accounts from taxation.

 

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Official Text

To the Honorable City Council:

 

I hereby request that this Council accept the provisions of  MGL Chapter 59, Section 5, Clause 54 in order to exempt personal property accounts from taxation if the assessable value is less than a certain amount in any year, provided that the limit set does not exceed $10,000.

 

An explanatory letter from Chief Assessor,  Frank Golden, is attached.

 

My staff will be available to answer any questions you may have. Thank you for your consideration of this item.

 

Respectfully Submitted,

Joseph A. Curtatone, Mayor