An Act expanding the exemption for residential property in the town of Wellfleet

Summary

The bill lets owners of class‑one residential parcels in Wellfleet claim an exemption of up to 35% of the average assessed value of such homes, as long as the property is the owner’s principal residence or a year‑round resident’s main home. The exemption cannot reduce the taxable value below 10% of the full cash valuation, and applicants must file a form with the town assessor by the regular deadline. It becomes effective the first day of the fiscal year after passage.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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