The Board of Education, after inquiries from veteran’s, will consider enacting the Level 1 of the state’s veteran’s exemption.
A hearing will be held at 7 p.m. on Monday, Feb. 5 at the Middle School cafeteria. At the last board meeting, about 60 veterans attended to encourage board members to support the exemption. An informal tally of the board showed that each member supported enacting the exemption.
A 2013 state law extended the veteran’s exemption to school taxes. Each school district must decide to offer the exemption; it is not automatic.
Level 1 means that a wartime veteran would receive a $6,000 reduction in his or her assessment; a veteran who served in combat would receive a $10,000 reduction; and a disable veteran would receive a $20,000 reduction.
Business Manager Andrew Giaquinto said the exemptions would mean a loss of $6.789 million in assessments and cost the school district $150,437
in tax dollars each year. That equals 0.53 percent on the tax rate. On a typical home with a $150,000 assessment, the tax bill would increase by $18 per year for the veterans exemption.
Veterans would have until March 1 to file for the exemption with the town assessor.