The select board voted Wednesday to increase the exemption from 5 per cent to 30 per cent in order to help year-round residents.
The board of assessors presented a payment in lieu of taxes (PILOT) program to the select board during a select board meeting Wednesday.
The board approved a 5 per cent residential exemption at its meeting Wednesday, allowing some of the property tax burden to shift onto owners of second homes and rental properties.
Commercial property owners in Tisbury will be getting bigger tax bills, after the select board voted Tuesday to shift 5 per cent of the town’s $40 million tax levy from residential to commercial real estate.
As the town continues to figure out which homeowners would qualify, seasonal and year-round residents packed the board meeting to give their thoughts.
A pair of newly-discovered bookkeeping snafus have sent Tisbury officials scrambling to reduce a $1.5 million Proposition 2 1/2 override vote at the annual town meeting May 28.