A significant jump in property taxes appears likely this year, prompting Council President Matt Frank to propose a discussion about potential relief measures. Frank indicated this week that he wants to explore whether the Council might temporarily boost the owner-occupied residential tax exemption to help offset what he anticipates will be steep tax bills for homeowners.
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The projected increase stems from rising property values in the city. City Manager Jay Ash recently warned that homeowners—with the exception of condo owners—should brace for what he termed a “double digit” tax increase. Historically, Chelsea has maintained relatively modest tax bill increases and has kept total property tax bills among the lowest in the region, but this year’s situation differs considerably.
Several councillors, including Giovanni Recupero, have already indicated they want to address the anticipated spike. Though Frank has not yet consulted with all members of the Council about this proposal, he plans to bring it before them at an upcoming meeting.
On Nov. 10, the Council will convene for a public hearing to complete the process of establishing the tax rate. That evening will feature a public discussion with City Manager Jay Ash, where residents and taxpayers can learn about the increase and its underlying causes. Following this hearing, Council action is anticipated.
Among the three required votes that night will be an approval of the owner-occupied residential tax exemption program. This vote will determine whether the Council raises the exemption amount or maintains the current level.
Frank remarked.