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The Board approved Fiscal Year 2026 property-tax exemptions totaling $54,707.83 in real estate exemptions and $1,362.15 in Community Preservation Act exemptions, plus senior tax work-off amounts of $19,034.52 and $571.05, respectively. Each approval passed 3-0.
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These approvals provide qualifying residents with property-tax relief and senior tax work-off credits for Fiscal Year 2026. The board also recommended increasing veterans’ exemptions by 10% and raising the senior tax work-off benefit to $2,000 by reducing the number of participants, but those changes were scheduled for further discussion rather than adopted at this meeting. The board noted that doubling veterans’ exemptions could cost the city about $86,800.
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