2013-07-09 Board of Assessors Minutes

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3. TOWN APPRAISER'S REPORT: Mr. Santaniello presented the following report: • Patriot Properties is expected to complete data entry by the end of this week. • Preliminary land values are averaging $327,200. • Santaniello plans to visit Patriot Properties next week • Department is obtaining exterior measurements for all new Townhouses — MADOR will allow existing units to be "back filled" over a period of three years. • MADOR wants interior descriptions to be expanded. • Department has had some difficulty in getting Certificate of Occupancy, possibly due to the recent adoption of a new permitting system. • Santaniello expects to have preliminary values in early October. • The debt exclusion number is expected to be available in mid - October. • There are presently eight (8) Reading cases on the Appellate Tax Board's docket, evenly divided between real & personal property tax matters. 4. OTHER SIGNINGS: The Board signed routine Motor Vehicle Excise Tax abatements totaling $6,989.94 ($2,065.13 + 4,924.81) and three Veteran Exemptions totaling $1,200. The Board had previously deferred action on a tax abatement requested by Johnson Woods Realty Corp. pending the clarification of certain language which the Board found to be ambiguous. The requested clarification was obtained on June 12u. Accordingly, the Board signed a Tax Abatement Certificate in the amount of $12,334.84, the smaller of the two possible amounts. 5. NEW BUSINESS 17 Sanborn Lane This 4 family residence was assessed at $495,000 for FY 2013. The current owners purchased the property on July 26, 2012 for $380,000. Mr. Santaniello recommended that the assessed value be reduced to $428,000. A discussion then ensued. A motion by Mr. McGrane seconded by Mr. Quinn to approve the $67,000 abatement recommended by Mr. Santaniello was approved by a vote of 2 -0- 0.