The Board of Selectmen have the authority to delay any increase in taxes for property owners in the Gossville District if they replace or substantially rehabilitate their property. The goal is to encourage the rehabilitation and active reuse of under-utilized buildings. The District was approved at 2018 Town Meeting.
A property owner who wants to substantially rehabilitate a building located in the Gossville District may apply to the Board of Selectmen tax for relief for a period of one to five years.
If the request is approved, the property tax on the structure would not increase as a result of its substantial rehabilitation. In exchange for the relief, the property owner grants a covenant ensuring there is a public benefit to the rehabilitation.
Following expiration of the tax relief period, the structure would be taxed at its full market value taking into account the rehabilitation.
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