HomeMy WebLinkAbout1996-06-06 Board of Assessors MinutesRECEIVED
Town of ReadinQ R 'ADI
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16 Lowell Street
Reading, MA 01867-2693 FEB V 10 0 AN '97
BOARD OF ASSESSORS
FAX: (617) 942-9070 (617) 942-9027
MINUTES
JUNE 6,1996
MEETING WAS HELD AT 6:30 P.M.
APPOINTMENTS
NONE.
OLD BUSINESS
1. MINUTES OF PREVIOUS MEETING - MAY 289 1996.
APPROVED 2-0-1.
NEW BUSINESS
1. APPRAISER'S REPORT.
COMPLETED EMPLOYEE PERFORMANCE EVALUATION FOR
DAVID BILLARD - DISCUSSED AND SIGNED.
CORRESPONDENCE
NOTED
SIGNINGS
1996 M.V. EXCISE ABATEMENTS $ 2,762.90
RESCINDED EXCISE ABATEMENTS:
1993 $77.19
1990 $14.06
1991 $22.50
MINUTES (CONTD.)
JUNE 5,1996
PAGE 2.
GENERAL BUSINESS WAS CONDUCTED.
MR. DAVID R. NUGENT, CHAIRMAN, MRS.MARY S. ZIEGLER AND MR. ROBERT
1. NORDSTAND WERE PRESENT AT THIS MEETING.
NEXT MEETING SCHEDULED FOR MON. JUNE 10, 1996 AT 6:30 P.M.
ADJOURNED: 7:30 P.M. ATTEST:'
MARY S. Z EGLER, SECR 9TA Y.
S
INTERDEPARTMENTAL MEMORANDUM
TO: READING BOARD OF ASSESSORS
DATE: 06/05/96
FROM: DAVID BILLARD
RE: APPRAISERS REPORT
1. The FY1996 overlay account, initially funded at $407,532.32, is currently at a $199,132.06
figure. The FY1996 exemptions totals $179,558.35 consisting approximately 444 recipients.
The FYI 996 abatements, 93 in total, aggregately came to $28,841.91. This calculates to
reduction in value of $1,760,800. The abatements for FYI 995 totaled $15,802.69; which
equates to $911,343 in valuation. The net amount of $199,132.06 in the overlay account
will be used for ATB cases and potentially fund delinquent tax payments.
2. The FYI 997 estimated bills are scheduled to be mailed out 6/21/96. As you know, these will
reflect significant improvements made to properties as of June 30, 1996 and will reflect all lot
splits and subdivisions as of an approved date prior to 1/1/96.
3. The FY1997 growth figure is being calculated now. There have been 768 field spections
made. There were approximately 646 permits issued for FYI 997 to date. Approximately
127 permits were those coming to 100% complete for FYI 997, only partially complete for
FY1996.
4. New Growth for subdivisions only is approximately $76,000 in New Growth tax dollars. For
FY1996 it was $125,604, contributed heavily by Zachary Lane and Autumn Lane which
constituted almost $60,00 in New Growth tax dollars.
5. For the FY1997 billing, assessment has reconciled the VAX and CAMA systems with the
abatements and the newly created/deleted lots. Deed changes are in recognizing transfers
through April 1996. A download of all the significant value changes, a $10,000 valuation
increase or greater, along with a final reconciliation of values will be done by Friday. The
bills for Real Estate are scheduled to be printed on 6/14/96.
6. Personal Property accounts, some 54 new accounts for FYI 997, will be inspected next week
by Frank and myself.
7. To date, we have four filers at the Appellate Tax Board for FYI 996. The four specifically
are Mr. Dougas of 1 Brentwood Drive, Mr. Tarello of 25 Rustic Lane, Daniel's Nursing
Home of 59 Middlesex Avenue and Mr. Mooney of 194 Sanborn Lane. The deadline for
FYI 996 ATB filing is July 10, 1996.
cc: Elizabeth Klepeis - Finance Director
cc: Frank Reen - Assistant Appraiser