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