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+ F <br /> -3- <br /> 4. Whole Estate Limit <br /> The whole estate lin-Lit that applies t the applicant ma b increased to n <br /> amount u t $40,000 if single and $55',000 if married. The current limit i <br /> $28,000 if the applicant is single and $30,000 if married. <br /> A co-owner who is not the applicant's spouse mav not exceed the current whole <br /> estate limit of $28,000 if single and $30,000 if married. No adjustments ma 'b <br /> made in those amounts. <br /> In communities that also accept G.L. Ch. 59 §5(41D), which provides for an <br /> annual COLA in the Clause 41C whole estate limits, the COLA is applied to the <br /> adjusted limits for applicants and the current firnits for co-owners. <br /> . Whole Estate E lcr ion <br /> The whole estate exclusion for the value of the applicant's domicile may b <br /> increased from no more than two urts in addition to the unit occupied by the <br /> applicant, i.e., no more than a three farrrilr house, to no more than three <br /> additional units. If this adjustment is voted, an applicant may exclude the entire <br /> value of no more than a four family house. <br /> Aco-owner who is not the applicant's spouse may not exclude more than the <br /> value of a three family home. No adjustments may be made in that exclusion. <br /> C. ACCOUNTING . <br /> All exemptions granted continue to be charged to the overlay. Assessors i <br /> communitiesthat vote to make adjustments are advised to review the adequacy <br /> f their overlay accounts before setting the tax rate. <br /> D. STATE REIMBURSEMENTS. <br /> COMMUmffies. that vote to make adjustments that result in more or higher <br /> exemptions than previously granted will not receive any additional state <br /> reimbursement. Reimbursements ement are fixed at the amount the commuruoty received <br /> in the last year it operated under Clause 41. <br /> i <br />