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The Board of Assessors unanimously set a $260,000 target overlay for FY27, citing expected growth in senior property-tax exemptions and other exemptions. The FY26 tax rate was certified at $14.39 per $1,000 of assessed value, a 3% increase from the prior year.
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The overlay is a reserve used to help cover tax reductions and exemptions that cannot be predicted precisely when the tax rate is set. The higher FY27 target reflects an expected increase in senior exemption applications and larger exemption amounts. The Board also approved five real estate exemption applications, while three real estate abatements were deferred to February.
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