HomeMy WebLinkAbout1993-09-27 Board of Assessors Minutes~9O f~
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Town of Reading
16 Lowell Street
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Reading, MA 01867-2693
,639' INCO'(1QO~PIS
FAX: (617) 942-9070 BOARD OF ASSESSORS
ASSESSORS MINUTES (617) 942-9027
SEPTEMBER 27, 1993
MEETING WAS HELD AT 6:30 P.M
APPOINTMENTS
6:30 P.M.- ATTORNEY RONALD KACZYNSKI MET WITH THE BOARD OF
ASSESSORS. WE CANNOT PICK UP THE CONVERSION.
CHAPTER 59 SECTION 21C (f). SEE ATTACHED.
OLD BUSINESS
1. MINUTES OF PREVIOUS MEETING - SEPTEMBER 20, 1993.
APPROVED 3-0-0.-
2. APPRAISER'S REPORT.
ACCEPTED. 1. WE NEED TO LOOK AT THE CONVENTIONAL
STYLE HOMES.
2. WILL LOOK AT COMMERCIAL AND INDUSTRIAL
VALUES AT NEXT MEETING.
NEW BUSINESS
1. CLASSIFICATION - SENSE OF MEETING TO RECOMMEND A SINGLE
RATE BASED ON ANALYSIS TO DATE.
CORRESPONDENCE
NOTED.
SIGNINGS
1993 MOTOR VEHICLE EXCISE ABATEMENTS $427.28
1992 MOTOR VEHICLE EXCISE ABATEMENTS
$ 14.17
END OF THE MONTH FIGURES-AUGUST 1993:
1993 M.V. EXCISE ABATEMENTS
1992 M.V. EXCISE ABATEMENTS $2,982.53
$ 462.19
PAGE 2.
SEPTEMBER 27, 1993
GENERAL BUSINESS
ASSESSORS MINUTES (CONTD.)
MR. ROBERT I. NORDSTRAND, CHAIRMAN, MRS. MARY S. ZIEGLER AND MR.
DAVID R. NUGENT WERE PRESENT AT THIS MEETING.
NEXT MEETING TO BE SCHEDULED FOR OCTOBER 4, 1993 AT 6:30 P.M.
ADJOURNED : 7:30 P.M. ATTEST :
MARY S. ZIEGLER
SECRETARY
E
I ;
59 §21C
In no event shall the amount specified be great.
er than the reduction requ
Paragraph (d), ired pursuant to said
The local appropriating authority may, by a
two-thirds vote, submit two questions on the same
ballot; provided that only one
ify an amount which is question shall spec.
the reduction required greater than one-half of
If both questions are aunt to paragraph (d).
number of voters, thenp heved by the required
quires a two-thirds vote shall a ueyion which re-
PPIY• .
( any city or town
assessed result in which the total taxes
in a percentage which is less than'
or equal to the limits imposed pursuant to Para-
Year graph (b), the total taxes assessed for an
shall not exceed an amount equal Y fiscal
hundred and two and one-half to one
Per
in cent of the
maximum levy limit for the prec d
as determined by the com 8 fiscal year
Provided, however ~ss1Oner of revenue;
may be further increasted ha total taxes assessed
proved in accordance with the pthose rovisions ofts ap.
Para-
graph (g); and provided further, that the total
amount of taxes assessed for the then current
fiscal year may be increased by an aniouni equal
to the tax rate for the preceding fiscal year multi-
plied the amount
valuation of of increase in the assessed
any parcel of real, or
sonal article of per.
Property over the assessed valuation of uo
Property during the prior year which shall be.
come subject to taxation for the fuv time, or .
taxed as a separate parcel for the first time during
such fiscal year., or which has had an increase in
its assessed valuation over the
tion unless such increased prior year's on is valua_
due to revaluation of the entire eci valuation is
(g) The local a h' or town,
or town which is r subject S to authority my of any city
Paragraph (0 may, by majon Provisions of
approval to majority vote, seek voter
lowed assess taxes in excess of amount al.
Pursuant "to said paragraph (f)
fied amount. by a sped.
Any question ssub
: mitted to the voters shall be
worded as follows-
"Shall the (city/town) of be allowed to
assess an additional in real estate and per.
sonal property taxes for the purposes of (state the
PmPOSe(s) for which the monies from this assess.
ment will be used) for the fiscal year beginning
July, first,. nineteen.. hundred and
Y- No "
278
INTRADEPARTMENTAL MEMORANDA
TO: BOARD OF ASSESSORS
FROM: DAVE BILLARD
DATE: 09/27/93
REF: APPRAISER'S REPORT
1. Ron Kaczynski is on the agenda, so a decission will be able to
be reached regarding the taxation of the Reading Schoolhouse
Condominiums for FY1994.
2. JUl.ie's reinspection efforts for the past week, 09/20/93 to
09/27/93 have yielded 46 full inspections and 27 exterior mea-
sures, a total of 73 for the last two weeks. Currently, this
brings the total recollected on the cyclical program up to 4,100.
3. The post-ratio studies have been calculated for the residential
properties given the Boards decissions. As you recall, the most
significant change was applied to the conventional style properties,
where a 54 increase to the primary residence was applied. The ad-
justments have appeared to remedy those areas of primary concern;
the conventional style and age quartile assessments. There are ap-
proximately 1,283 conventional style single family homes that this
.adjustment will affect. The pre--ratio and post ratio syudies are
attatched to guage the effectiveness of the adjustment. The net
result will be about a 3% increase to the total assessment of the
average conventional style property. The changes for the condos
have been made, a post ratio analysis will be furnished at the
next meeting.
4. As a planning aid, I am looking to.get the new growth submitted to
the D.Q.R. on or about October 18th. This leaves approximately two
tee,ks to complete the commercial/industrial and personal property
valuations. The income and expense.analysis has already been done.
The Board suggested calling some of the commercial property owners
for the next meeting. If this is still the sentiment of the Board,
that can be arranged. I did not see any reasons to alter the val-
uation of the commercial and industrial properties given the anal-
ysis I did. There where only a few that showed that either a
change in rents or• vacancy that would warrent a reduction in value
for FY1994. I will present these properties at the next Board
meeting.
PAGE" 2
5.. Per the Board's request, I contacted Karen Loh of The Banker and
Tradesman to clarify some of the issues relative to their request.
The compensation that is received by the Town is largely, if not
primarily, contingent on the cost to produce the information. The
compensation is usually tendered by way of free subscriptions and
money should the value of the subscriptions not cover the costs of
data retreival. The current subscription that we receive is $35.00
annually. There is another subscription valued at $216.00 that
they issue. Either way, she is sending literature. We earl stip-
ulate almost anything you want relative to the information. More
discussion can be had to reach a final. decission after we receive
their materials.
6 An Informational Guideline Release was received by the D.O.R. which
stipulated that the Commissioner of The Division of Employment
Training would issue employment figures on or before July fist to
municipalities relative to the newly passes commercial exemption.
This would mean that the implementation of the 1d~ exemption to
commercial property owners will need to be enacted no earlier than
FY1995. We will receive a specific I.G.R. on this exemption in
the months to follow.
cc: Beth Klepeis
cc, Julie Cosentino