Press Room

An Act relative to municipal tax relief offers an additional tool for cities and towns to support lower- or middle-income taxpayers who already receive the local-option residential tax exemption.

The residential exemption, which dates back to the 1970s, gives property tax relief to local residents by shifting more of the residential tax burden onto vacation homes, rentals, and investment properties.

The details of the legislation are below.

Creates Opt-In Tax Rebate Program. Gives cities and towns the option of issuing a rebate to eligible taxpayers who received the residential tax exemption in the prior fiscal year. Requires that the rebate amount be the same for all eligible taxpayers.

Lets Municipalities Set the Guidelines. Allows cities and towns to determine their residents’ eligibility and set their own thresholds around assets, income, or other factors.