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2 <br /> Board of Selectmen <br /> Minutes <br /> November 29, 2021 <br /> Present: Selectman Carol A. Sherman, Selectman David W. Weeden, Selectman Andrew R. Gottlieb, <br /> Selectman John J. Cotton, Selectman Thomas F. O'Hara <br /> Town Manager Rodney C. Collins <br /> Meeting Called to Order by Chairman Sherman at 6:30 p.m. <br /> Mashpee Town Hall, Waquoit Meeting Room <br /> APPOINTMENTS &HEARINGS <br /> Public Comment: None at this time. <br /> Public Hearing: Tax Classification Hearing: Assessor Jason Streebel: <br /> The Board of Selectmen opened the Public Hearing on whether the Town of Mashpee should <br /> implement the Classification Act. At the Hearing the Select Board will hear testimony as to what will <br /> be the Fiscal Year 2022 residential factor which will determine the share of taxes each classification <br /> of property will pay, what will be the open space factor, and whether there will be a residential <br /> exemption and/or a small business exemption. <br /> The Hearing notice was read into the record in accordance with posting procedures. Jason Streebel, <br /> Director of Assessing and Craig Mayen, Treasurer/Tax Collector was in attendance to facilitate the <br /> Public Hearing. <br /> Mr. Streebel indicated the average property has increased in valuation by 12.9%with expected <br /> increases next year as a result of the influx of real estate sales this calendar year. <br /> Assuming there are no changes in the tax rate for all classification of taxes,the projected tax rate for <br /> Fiscal Year 2022 is $8.03 per$1,000 valuation. Last year the rate was $8.94 per$1,000 valuation. <br /> If the tax rate was shifted between the categories of properties,this would result in a greater share of <br /> the tax burden, up to 150% on Commercial, Industrial and Personal Property. This would affect 6.8% <br /> of the taxpayers while reducing the rate for residential properties. <br /> If there was a residential exemption of up to 35% of Mashpee residents, the shift would affect higher <br /> valued residential homes,rentals, vacant land and all part-time residents. <br /> An Open Space discount would have little effect as Open Space parcels in Mashpee as they are <br /> greatly reduced in value. <br /> A Small Commercial Exemption of up to 10%would shift to other commercial taxpayers. This <br /> would affect 49 of the 480 commercial properties solely occupied by the owner. <br />