Heroes Act Proposal Offers 100% Tax Exemptions for Eligible Veterans

Key Points

  • - Provides a 100% tax exemption for certain veterans starting in FY27.
  • - Estimated total annual benefit to the veteran community is approximately $40,000.
  • - Proposed by the Board of Assessors.

Article 27 proposes the adoption of the "Heroes Act," a local option that would provide a 100% property tax exemption for certain eligible veterans. If approved, the authorization and funding for the program would begin in Fiscal Year 2027. Town Counsel Robert Galin noted that the Principal Assessor will provide a detailed presentation on the financial impact, which is currently estimated to provide about $40,000 in annual benefits to local veterans.

The article is intended to expand the town's support for the veteran community beyond existing state-mandated exemptions. Town Moderator Jim Fitzgerald mentioned that the veterans' agent has been active in supporting these types of measures, and the Board of Assessors is the primary sponsor of this specific article.

Motion: No motion yet; preview of upcoming meeting.

Vote: No Vote