AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

HB 6247 grants Charlestown's town council the authority to create a homestead property tax exemption for qualifying residents. It allows the council to set an annual exemption of up to 10% of a property's assessed value for residential homes (with fewer than five units) or mixed-use properties, with the exemption amount prorated based on the residential square footage used. This exemption directly affects homeowners in Charlestown who own qualifying residential or mixed-use properties. The bill does not set the exemption amount itself but enables the town to establish rules for eligibility through local ordinances.