Residential Property Tax Exemptions

At a glance

• What: Discussion of residential property tax exemptions and how to increase the exemption percentage.
• Status: Board discussing options to increase exemption by 25-30%.
• Next: Assessor to provide additional options at next discussion.

Discussion (October 14, 2026)

Robert Ranney, Assessor, reviewed the residential exemption portion of the assessment system.

• Brooke Mohr asked how those eligible for the residential exemption are confirmed/verified; Ranney explained the process.
• Questions raised regarding difference in property values of those with and without exemptions, how values are calculated when adjacent properties are selling for high prices, and how affordable housing deed restrictions work with the exemption.

Chair Hill asked that Ranney provide additional options for increasing the residential exemption between 25-30% for when the Board next discusses this item.

From the video (October 14, 2026)

2026-10-14 - Select Board: The current 25 percent exemption saves about $2,800; 30 and 35 percent scenarios were reviewed and a member asked for 26, 27 and 28 percent options. No vote.

Sources

• Select Board meeting minutes, October 14, 2026: https://nantucketma.api.civicclerk.com/v1/Meetings/GetMeetingFileStream(fileId=37566,plaintext=false)

Log

2026-10-14 - Select Board

Board discussed residential exemptions and requested Assessor provide options for increasing exemption by 25-30%.