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A bill to lend equality to sea and land in terms of local property tax breaks for farms is being hailed by seafood harvesters and producers while being balked at by some municipal officials.
The bill, passed unanimously last week by the state Senate, would add underwater shellfishing beds and certain waterfront shellfish shipping sites to the list of properties covered under the longstanding state statute known as Public Act 490. The statute allows farmland, forests, open spaces and maritime heritage land to be assessed based on what the property is used for rather than its fair market value, resulting in lower property taxes. It is a land preservation tool to allow owners to keep land that would otherwise be too expensive to hold on to.
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