3/21/2006 BOARD OF ASSESSORS Minutes

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k Assessor's Report—John Duffy How the Town of Mashpee Handles Taxation of Condominium Development Rights John Duffy stated that development ri hts are taxed. The development right has economic value and therefore it is reasonable to tax such a right. Condominium developments normally are built in several phases. The condominium expansion land is common area of the condominium and as such is taxed pro rate to the current owners in the condominium. For that reason, common areas may not be taxed other than proportionately to the unit owners.- The law states that each unit and its interest in the common areas and facilities shall be considered ars individual panel of real estate for the assessment and collection of real estate taxes, but the common areas and facilities, the building and the condominium shall not be deemed to be a taxable parcel. Even if real estate subject to development rights is apart of the con dorniniurn and lawfully'owned' by the unit owners in com mon, it is in fact an asset of the developer. NEW BUSINESS Real Estate Property Tax Abatement Approvals. Jason Streebel made a motion to approve the eighteen 1 real estate property tax abatement applications listed on State Tax Form 155, dated 3/21/06, beginning with the name Mills Brennan Emma Jo and ending with the name EYs Music Art. (See Attachment A for Fell Listings). Marcia King seconded the motion. All approved. Real Estate Property Tax Abatement Denials. Jason Streebel made a motion to deny the eleven (11) read estate property tax abatement applications listed on State Tax Foran 155, dated 3!21/06, beginning with the name !'!!Mills Brennan Emma Jo, and ending with the name Danforth, Steven P .loan P. (See Attachment B for Full Listings). Paul Andrews seconded the motion. All approved. Personal Property Tax Abatement Approvals. Jason made a mobon to approve the two 2 residential personal property tax abatement applications listed on Mate Tax Form 155, dated 3/21/06, for Deluca Merope, Greenwood Development corp, and the one 1 commercial personal property tax abatement application listed, for EJ's Music Art. (See Attachment A for full listing). Marcia King seconded the motion. All approved. - OTHER NEVA BUSINESS Personal Exemption Approvals. Jason Streebel made a motion to approve the following two 2 senior personal exemption applications: Carol Glazier, 12 Bluff Avenue llecla§1hritenour, 15 Driftwood Way Marcia Icing seconded the motion. All approved. NEXTUEETII The next meeting was scheduled for Tuesday, April 18, 2006, at 5:45 PNM, Mashpee Town Hall Assessor's office. As there was no further business, the meeting was adjourned. Respectfully pectfully submitted, r Ina G. Sclhi Bohm Recording Secretary attachments