An Act expanding the exemption for residential property in the town of Wellfleet

This bill expands a property tax exemption for homeowners in the town of Wellfleet, allowing them to exclude up to 35 percent of their home's assessed value from taxation. The exemption applies specifically to a taxpayer's principal residence or a year-round home occupied by a Wellfleet resident, with the town responsible for defining who qualifies as a resident. To receive this benefit, property owners must submit a written application to the town's board of assessors by the standard deadline, and the final tax bill cannot reduce the property's taxable value below 10 percent of its full worth.