12/03/2007 SELECT BOARD Minutes - Laserfiche WebLink

Home Browse Search

9 Board of Selectmen Minutes December 3, 2007 APPOINTMENTS AND HEARINGS: Public Hearing=Tax Classification Hearin Selectman Cahalane stepped down for the above referenced Hearing. The Board of Selectmen opened the Public Hearing on whether the Town of Mashp'ee should implement the Classification Act. At the Hearing, the Selectmen shall hear testimony as to what will be the fiscal year 2008 residential factor which will determine the share of taxes each classification of property will pay, what will be open space factor, and whether there will be a residential exemption and/or a small business exemption. The Hearing notice was read aloud in accordance with posting procedures. Jason Streebel, Director of Assessing was in attendance for discussion purposes. Correspondence was received from Mr. Streebel dated November 27, 2007 regarding the Tax Rate Classification. Last year, the tax rate was $5.84 per$1,000 valuation. The recommended tax rate for this year is$6.58 per$1,000 valuation. It was noted the Water District has increased the tax rate by $0.01 to $0.18 per$1,000 valuation. The recommended tax rate of$6.58 excludes the Water District tax. The Board of Assessor's after careful review recommended the Selectmen adopt a tax rate factor of 1 for all classes of property with no residential exemption and no small business exemption. Revenue to be raised in FY08 from the tax increase is$52,769,255.47. An average single home assessment of$513,000 would be required to pay a tax in the amount of$3,375 at the single rate of$6.58 per$1,000. It was agreed the Selectmen would conduct a workshop session on the Tax Rate and related Classification on a yearly basis six months prior to the annual tax classification public hearing. Motion made by Selectman Taylor to close the Public Hearing. Motion seconded by Selectman Green. VOTE: Unanimous. 4-0. Selectman Cahalane absent for vote.