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Board of Assessors Meeting Pace <br /> Progress of U2coming Revaluation <br /> vice Chairman Greig asked what the timeframe for the <br /> revaluation is now. <br /> David Bailey informed that Ms, Susan Moynihan of the D.O.R. <br /> will be in the Assessing Department this Monday, At that time,. <br /> Mr.. Bailey should have ready for her the condos; the system for <br /> the vacant land - the large parcels - should be completed. We <br /> are using the same depreciation schedule. <br /> Ms, Moynihan has looked at the land sales and also the land <br /> schedule based on the sales only. The printouts that Board <br /> Members have seen - the schedules that we used to develop those <br /> sales reports - she has looked at and approved. Those have to be <br /> ascribed to the nest of the Town; before we do this , she must <br /> approve acreage, she has not done the depreciat-ion yet nor the <br /> condos - that is about it. The condos are certifiable already - <br /> they just require a few changes . <br /> Acreage -- David Bailer informed that he has been working on <br /> the acreage data lust today. We have 400 parcels of over 4 aures <br /> this, in theory, is 400 sub-dividable parcels . Of those 400 , <br /> about 200 parcels are owned by the 'down or the State . Before , we <br /> were using 0 f the lot value as a land value with a minimum <br /> { acreage value at $7 , 000 . That minimum value, in truth, is about <br /> one half of that amount. Mr. Bailey explained that he is <br /> referring to acreage in back woods - like down by the Quashnet <br /> Rive - non-descript back acreage - with little or no frontage; <br /> this type of acreage should end up with a value of about $3 ,000 - <br /> $ ,.500 per acne for big acreage. He will check to see how it <br /> curves out. short discussion followed. <br /> David Bailey informed that he is in process of trying to <br /> develop a method where we can separate all the acreage by <br /> neighborhood instead of having the acreage in the neighborhood <br /> with the surrounding area - to ascribe a different neighborhood <br /> value to anything over 5 or 10 acres so we can sort by that. it <br /> is diff icult to work on this acreage data because it is all in <br /> ifferent neighborhoods; the neighborhoods really do not effect <br /> the price of this bice acreage because we are using a neighborhood <br /> like an R5 geared for some sub-division - then we have the <br /> acreage next to it as an R5. It is immaterial what the <br /> neighborhood is because the acreage price is going to be similar <br /> more based on the zoning and the location. <br /> David Bailey explained that the data for large acreage <br /> parcels is being overhauled. He expressed opinion that this <br /> should not effect the value all that much because we have <br /> discounted it so much anyway. short discussion followed. <br />