Residential Exemption Report
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The report was developed by the Town of Sudbury Assessing staff as an informational tool intended to assist the Board of Selectmen at the annual Classification Hearing. Each year the Board of Selectmen hold this hearing to determine the annual tax rates. One option which may be implemented is a residential exemption. However this carries a multitude of implications on the rate of taxation and the allocation of the residential levy. The report contained herein is an in-depth review of this type of taxation and its impact if adopted in the Town of Sudbury.
As always, comments are welcome: