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3 <br /> Board of Selectmen <br /> Minutes <br /> November 18, 2019 <br /> APPOINTMENTS & HEARINGS <br /> Public Hearing: Annual Tax Classification Hearing: Assessor Jason Streebel, Treasurer/Tax Collector <br /> Craig Mayen: (continued) <br /> If the tax rate was to shift between the categories of properties,the greater share of the tax burden, up to <br /> 150% would be placed on Commercial, Industrial and Personal Property (residential & commercial) <br /> taxpayers by increasing their tax rate while reducing the tax rate for residential properties. Approximately <br /> 7.7% of Mashpee's tax valuation is commercial and industrial properties. <br /> An Open Space discount for approximately 111 parcels would have little effect as Open Space parcels are <br /> already lowly assessed. A Small Commercial Exemption of up to a 10% shift would tax 49 solely <br /> owner/occupied parcels out of the 347 commercial properties. If supported the Commercial/Industrial Rate <br /> would be $9.06 per $1,000 valuation. <br /> Mr. Streebel recommended the Board of Selectmen instruct the Town Manager to prepare in advance if a <br /> change is warranted. Mr. Mayen concurred as the process is highly detailed and should be void of errors or <br /> omissions as a violation may create an overlay deficit. This may also delay the issuance of bills. It was <br /> noted the Town of Provincetown adopted a tax rate shift in advance, but did not assume correct projections. <br /> Nantucket voted in support of the exemption. <br /> The Board of Assessors at their October 16, 2019 meeting voted to recommend a single tax rate is adopted <br /> with no residential exemption and no small business exemption and no discount for Open Space. <br /> The average value of all homes in Mashpee is $491,478 with 2,839 homes above average and 6,985 below <br /> average. The average value of primary residences in Mashpee is $404,818 with 1,826 above the average <br /> and 3,969 below the average. Of the 5,795 primary residences, 75% fall below the average. If the tax <br /> burden was shifted 92% of residents would gain a reduction in their tax bill. <br /> In 2014,the Board of Selectmen held a forum on this subject matter. Discussion followed regarding the <br /> outcome of the hearing which was close in terms of opinions. If the Selectmen move forward, Mr. Streebel <br /> offered to facilitate additional outreach on the exemption. <br /> It was agreed that based on property values, there is an opportunity to reduce taxes for 92% of the Mashpee <br /> community. However, secondary homeowners are an important part of the Mashpee community, seasonal <br /> residents with little impact to the schools. <br /> Water District Commissioner Tom Fudala indicated this matter was recently discussed by the Water <br /> District and it was motioned to recommend the single tax rate with no exemption. It was noted the <br /> Department of Revenue has determined the residential exemption does not apply to districts. <br /> Gregory McKelvey, 11 Menemsha Road indicated the Town is charging residents for short-term rentals, <br /> and with the upcoming wastewater initiative the determinations need to be fair to all residents. <br /> Mike Rapaz of Quinaquisset Avenue indicated if the people are aware that this is an opportunity to reduce <br /> their tax rate,this is what they would want. With those voting against the shift, he asked are you really <br /> representing your constituents. <br />