The levy is limited as follows:

Limit 1 - Levy Ceiling

The property tax levy cannot exceed 2 1/2% of the total assessed value of the municipality. For example, if a municipality is valued at $100 million, it could only raise $2.5 million from property taxes.

Limit 2 - Levy Increase Limit

If the actual levy is less than the levy limit, the levy may only increase by 2 1/2% above the prior year's levy after making an adjustment for new growth.

Click here for more information on Proposition 2 1/2

You can also visit the Division of Local Services website at http://www.dls.state.ma.us for additional information. Abatement and Statutory Exemption application forms are available at http://www.dls.state.ma.us/PUBL/FORMS/abatement.PDF.