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The task force agreed to postpone polling members on tax-relief recommendations until it receives an income-based analysis of the $3.2 million residential tax reduction. Members highlighted that 89% of the reduction’s cost falls on non-qualifying properties and 11% on qualifying homeowners with homes assessed above the $2.4 million breakeven point.
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The task force is still evaluating whether and how to change the Residential Tax Exemption and other property-tax relief programs. It requested more information about which income groups benefit from the current relief and how renters and homeowners would be affected. Because that analysis is not complete, the planned report and Select Board presentation could be postponed until after Concord Town Meeting.
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