Background and Purpose

Preserving affordability and allowing residents to remain in their home is a key priority for the Select Board. Prior to FY 2024, the Town of Concord provided a variety of Property Tax Relief programs to Concord homeowners, the majority of which supported residents aged 60 and over. In November 2023, the Select Board adopted a 10% Residential Tax Exemption (RTE) for fiscal year 2024, which provided a fixed value reduction off the property assessment of qualified taxpayers. The RTE results in a proportionately greater benefit to lower valued homes, in contrast to higher valued homes and property owners not qualifying for the exemption. The Select Board’s goal in adopting the RTE was to support economic diversity and allow elderly residents to continue living in Concord. The Select Board reapproved a 10% RTE for FY 2025 and agreed that a task force should be formed to define criteria to evaluate the existing RTE program and explore improvements and/or alternate ways to provide tax relief under existing state law.

What is the RTE? 

Residential Tax Exemption Explainer

League Of Women Voters, First Friday Meeting

November 7, 2025 slides

Charge

Tax Relief Evaluation Task Force