An Act relative to expanded small property tax abatements in the Town of Auburn

Plain English Breakdown

The official source material did not provide specific information about the effective date of the act, so this detail was removed from the summary.

Act Expanding Small Property Tax Abatements in Auburn

This act adjusts tax exemption limits and allows the Select Board to provide exemptions for commercial properties with multiple occupants if at least half are eligible businesses.

What This Bill Does

• Increases the maximum property value eligible for a small property tax abatement from $10,000 to $25,000.
• Raises the limit on total property value that can be exempted due to business occupancy from $1 million to $5 million.
• Permits the Select Board to grant exemptions for commercial properties with multiple occupants if at least half of them are eligible businesses.
• Ensures that if any part of this act is found invalid, the rest will still apply.

Who It Names or Affects

• Property owners in Auburn who meet the new tax exemption criteria.
• The Select Board for the Town of Auburn when considering property exemptions.

Terms To Know

Tax abatement

A reduction or elimination of taxes on a property, often given to help small businesses or homeowners.

Select Board

The governing body for the Town of Auburn that makes decisions about town policies and services.

Limits and Unknowns

• This act only applies to properties in the Town of Auburn.
• It does not specify how long these changes will last or if they can be changed later.
• The exact impact on property taxes is unclear until more details are provided by local officials.

Official Summary Text

An Act relative to expanded small property tax abatements in the Town of Auburn
By Representative Frost of Auburn, a petition (accompanied by bill, House, No. 4754) of Paul K. Frost and Michael O. Moore (by vote of the town) relative to expanded small property tax abatements in the town of Auburn. Revenue. [Local Approval Received.]

Current Bill Text

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Bill H.4754

SECTION 1. Notwithstanding section 5I of chapter 59 or any other general or special law to the contrary, with respect to real property in the Town of Auburn the following factors determining exemption for real property under section 5I of chapter 59 shall be adjusted as follows: (1) increasing the amount contained in the sixth sentence from ten to twenty-five; and (2) increasing the amount contained in the eighth sentence from one million to five million.

SECTION 2. The Select Board for the Town of Auburn may provide an exemption for parcels with multiple commercial occupants if at least 50 percent of the occupants are eligible businesses.

SECTION 3. The provisions of this act are severable and if any provision, or portion thereof, should be held to be unconstitutional or otherwise invalid by any court of competent jurisdiction, such unconstitutionality or invalidity shall not affect the remaining provisions, which remain in full force and effect.

SECTION 4. This act shall take effect upon its passage.

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