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Taxes

Home Rule Petition Filed on Beacon Hill

April 19, 2024
The filing of Bill HD5049 took a critical step forward in advancing efforts to end a special tax exemption for recreational land in Belmont. Certain types of land defined as recreational under state law can apply for and receive a significant cut…
A white church under some trees.

Belmont Fails to Secure PILOT Payments from Wealthy Nonprofits

April 14, 2024
As Belmont struggles to increase its tax base, the town is potentially missing out on money from tax-exempt organizations that could be making a payment in lieu of taxes, or PILOT, a program that has successfully increased revenue in neighboring communities, including…

Property Tax Bills May Go Up, Despite Rate Cut

December 10, 2023
Belmont homeowners will see a lower tax rate this year, but the actual tax bill for most homeowners will still increase. “We are raising the same amount of money, with a 2 ½ percent increase, but just because the tax rate is…

Dionne Sets Ambitious Agenda to Increase Tax Base

October 28, 2023
Elizabeth Dionne — sworn in this year as Belmont’s fourth ever woman on the Select Board, and the first woman in 17 years — hit the ground running when she was elected in April. Starting with a Town Meeting warrant article in…