Item Coversheet


Item Title:
ASSESSORS - COMMUNICATION AND THREE ORDERS CONSUMER PRICE INDEX FY 2019

Item Detail:

31.     COMMUNICATION, Board of Assessors, to City Council, submitting MOTION passed 3-0, at its Open Meeting on May 18, 2018, and requesting that the City Council  ADOPT, and the Mayor APPROVE the THREE ORDERS relating to the annual Consumer Price Index, as determined by the Commissioner of Revenue of a 2.5% increase for Clause 17’s for the amount of the exemption to be $313.00, to accept under Chapter 59, Section 5, Clause 17E to increase the amount of assets to $63,670 to qualifying individuals, and under Chapter 59, Section 5, Clause 41, 41B and 41C, raising the base limit of income for single taxpayers to $20,721 and married taxpayers to $23,912 and to raise the assets limits to $44,632 for single taxpayers, and $47,820 for married taxpayers.

 

31a.     AN ORDER,  ORDERED, That pursuant to M.G.L., Chapter 59, Section 5, Clause 17E, the total value of assets, as set forth in M.G.L., Chapter 59, Section 5, Clause 17, 17C, 17C ½  and 17D, is hereby increased by 2.5% for Fiscal Year 2019. Said increase is equal to the Consumer Price Index.

 

31b.     AN ORDER, ORDERED, That the base limit of income and the total value of assets of persons qualifying under M.G.L., Chapter 59, Section 5, Clause 41, 41B and 41C is hereby increased by 2.5% for Fiscal Year 2019. Said increase is equal to the Consumer Price Index.

31c.     AN ORDER, ORDERED, That the exemption granted to persons qualifying under M.G.L., Chapter 59, Section 5, Clause 5, Clause 17, 17C, 17C ½ and 17D is hereby increased by 2.5% for Fiscal Year 2019. Said increase is equal to the Consumer Price Index.



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