| 1 | 1 | | 1 of 1 |
|---|
| 2 | 2 | | SENATE DOCKET, NO. 2691 FILED ON: 7/11/2023 |
|---|
| 3 | 3 | | SENATE . . . . . . . . . . . . . . No. 2421 |
|---|
| 4 | 4 | | The Commonwealth of Massachusetts |
|---|
| 5 | 5 | | _________________ |
|---|
| 6 | 6 | | PRESENTED BY: |
|---|
| 7 | 7 | | Julian Cyr |
|---|
| 8 | 8 | | _________________ |
|---|
| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
|---|
| 10 | 10 | | Court assembled: |
|---|
| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
|---|
| 12 | 12 | | An Act expanding the exemption for residential property in the town of Wellfleet. |
|---|
| 13 | 13 | | _______________ |
|---|
| 14 | 14 | | PETITION OF: |
|---|
| 15 | 15 | | NAME:DISTRICT/ADDRESS :Julian CyrCape and IslandsSarah K. Peake4th Barnstable 1 of 2 |
|---|
| 16 | 16 | | SENATE DOCKET, NO. 2691 FILED ON: 7/11/2023 |
|---|
| 17 | 17 | | SENATE . . . . . . . . . . . . . . No. 2421 |
|---|
| 18 | 18 | | By Mr. Cyr, a petition (accompanied by bill, Senate, No. 2421) of Julian Cyr and Sarah K. Peake |
|---|
| 19 | 19 | | (by vote of the town) for legislation to expand the exemption for residential property in the town |
|---|
| 20 | 20 | | of Wellfleet. Revenue. [Local approval received] |
|---|
| 21 | 21 | | The Commonwealth of Massachusetts |
|---|
| 22 | 22 | | _______________ |
|---|
| 23 | 23 | | In the One Hundred and Ninety-Third General Court |
|---|
| 24 | 24 | | (2023-2024) |
|---|
| 25 | 25 | | _______________ |
|---|
| 26 | 26 | | An Act expanding the exemption for residential property in the town of Wellfleet. |
|---|
| 27 | 27 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
|---|
| 28 | 28 | | of the same, as follows: |
|---|
| 29 | 29 | | 1 SECTION 1. Notwithstanding section 5C of chapter 59 of the General Laws or any other |
|---|
| 30 | 30 | | 2general or special law to the contrary, with respect to each parcel of real property classified as |
|---|
| 31 | 31 | | 3class one residential in the town of Wellfleet as certified by the commissioner of revenue to be |
|---|
| 32 | 32 | | 4assessed all local property at its full and fair cash valuation, and with the approval of the |
|---|
| 33 | 33 | | 5Selectboard, there shall be an exemption equal to not more than 35 per cent of the average |
|---|
| 34 | 34 | | 6assessed value of all class one residential parcels within the town of Wellfleet, or such other |
|---|
| 35 | 35 | | 7maximum percentage as may be established from time to time by the General Court; provided, |
|---|
| 36 | 36 | | 8however, that the exemption shall be applied only to: (i) the principal residence of the taxpayer |
|---|
| 37 | 37 | | 9as used by the taxpayer for income tax purposes; or (ii) a residential parcel occupied by a |
|---|
| 38 | 38 | | 10resident of the town of Wellfleet, other than the taxpayer, occupied on a year-round basis and |
|---|
| 39 | 39 | | 11used as the resident's principal residence for income tax purposes. The town of Wellfleet may |
|---|
| 40 | 40 | | 12adopt and amend criteria to determine who qualifies as a resident under this act. This exemption |
|---|
| 41 | 41 | | 13shall be in addition to any exemptions allowed under section 5 of said chapter 59; provided, 2 of 2 |
|---|
| 42 | 42 | | 14however, that the taxable valuation of the property, after all applicable exemptions, shall not be |
|---|
| 43 | 43 | | 15reduced to below 10% of its full and fair cash valuation, except through the applicability of |
|---|
| 44 | 44 | | 16clause eighteenth of said section 5 of said chapter 59. Where, under the provisions of said section |
|---|
| 45 | 45 | | 175 of said chapter 59, the exemption is based upon an amount of tax rather than on valuation, the |
|---|
| 46 | 46 | | 18reduction of taxable valuation for the purposes of the preceding sentence shall be computed by |
|---|
| 47 | 47 | | 19dividing the amount of tax by the residential class tax rate of the town of Wellfleet and |
|---|
| 48 | 48 | | 20multiplying the result by $1,000. For the purposes of this paragraph, "parcel" shall mean a unit of |
|---|
| 49 | 49 | | 21real property as defined by the board of assessors of the town of Wellfleet in accordance with the |
|---|
| 50 | 50 | | 22deed for the property and shall include a condominium unit. |
|---|
| 51 | 51 | | 23 SECTION 2. A taxpayer aggrieved by the failure to receive the residential exemption |
|---|
| 52 | 52 | | 24authorized under this act may apply for the residential exemption to the Board of Assessors of |
|---|
| 53 | 53 | | 25the town of Wellfleet in writing on a form approved by the board of assessors, on or before the |
|---|
| 54 | 54 | | 26deadline for an application for exemption under section 59 of said chapter 59. For the purposes |
|---|
| 55 | 55 | | 27of this act, a timely application filed under this section shall be treated as a timely filed |
|---|
| 56 | 56 | | 28application pursuant to section 59 of chapter 59 of the General Laws. |
|---|
| 57 | 57 | | 29 SECTION 3. This act shall take effect on the first day of the fiscal year following passage |
|---|
| 58 | 58 | | 30of this act and shall apply to taxes levied for fiscal years beginning that fiscal year and thereafter. |
|---|