Taxing Rentals on Nantucket

Currently, there is no state or local tax on vacation rentals.  However, there have been many movements over the years to tax the rental of private homes on Nantucket.  One compelling reason against a room occupancy tax (similar to what is charged by commercial establishments) on rentals is that they

Nantucket: Taxes, Taxes, Taxes

The Nantucket Board of Selectmen recently voted to keep the 20% residential exemption the same.  The property tax exemption applies to Nantucket property owners who reside in their property on a year round basis.  State law allows for a local exemption of up to 35%.  The majority of selectmen felt

Nantucket Real Estate: New Listings April 24, 2017

Cisco – 6 Saccacha Avenue $6,950,000 Property Type: Single Family Total Rooms: 14 Total Bedrooms: 6 Total Bathrooms: 7 full, 2 half Water Frontage: None Water Views: Ocean Second Dwelling: Existing Zoning: LUG2 Lot Size: 1.83 acres Total Sq. Feet (GLA): 5,839 sq. feet Year Built: 2007 Water / Sewer:

Nantucket Real Estate: Price Changes, April 19-21, 2017

Nashaquisset – 15 Netowa Lane $949,000 This property has had a price reduction from $975,000 to $949,000. Property Type: Single Family Total Rooms: 5 Total Bedrooms: 3 Total Bathrooms: 2 Water Frontage: None Water Views: None Second Dwelling: None Zoning: R10/SR10 Lot Size: 3,920 sq. feet Total Sq. Feet (GLA):

Nantucket Real Estate: New Listings April 18-21, 2017

Town – 51 Union Street $2,249,000 Property Type: Single Family Total Rooms: 7 Total Bedrooms: 3 Total Bathrooms: 2 full, 1 half Water Frontage: None Water Views: Distant Harbor Second Dwelling: Potential Zoning: ROH/SOH Lot Size: 5,227 sq. feet Total Sq. Feet (GLA): Year Built: 1835 (ren. 1981 ) Water

Nantucket Town Meeting Highlights

We are fortunate to be able to engage in the most pure form of democracy by having an annual town meeting.  Approximately 500 people attended (out of over 9,000 registered voters).  Among the most hotly debated articles were those related to the relocation and funding for a new Our Island

Nantucket: More Sewer News!

If you own property in the Nantucket Harbor Shimmo/Plus areas you should be aware by now of plans to bring municipal sewer to your area for continued environmental protection of Nantucket Harbor.  Construction work is expected to begin in September 2017.  Streets in the Harbor Shimmo area that are effected

Nantucket Real Estate: 1st Quarter 2017

The real estate market stumbled a bit in the first quarter of 2017, due largely to a number of listings and sales in the lower price ranges.  Of the 104 sales to date this year 35% of them were under $1 million and only 3 sales were over $5 million.