MINUTES OF THE BOARD OF ASSESSORS
August 25, 2008
4:30 PM STARBARD BUILDING
Members Present: Beverly Potvin Kenniston and James Dillon
1. Acceptance of Minutes
Motion by James Dillion, seconded by Beverly Potvin Kenniston. It was voted to approve the minutes of July 28, 2008.
2. Miscellaneous Items
Miscellaneous Discussion Items
The assessors discussed FY2009 property values. The Principal Assessor has begun the process of verifying arm-length sales and analyzing valid sales data. All property values for FY2009 will reflect market sales during 2007. The real estate market remained strong in Holden until September of 2007 when the volume of sales and sale prices began to decline. A number of foreclosure sales occurred in 2008 and the market continued to decline for most style of homes with a few exceptions. Analysis showed increases in vales for cape and contemporary style homes.
Updating of the commercial and industrial property values was discussed. Michael Tarello from Vision Appraisal Technology will meet with the assessor on August 27, 2008.
The proposed depreciation schedule that was received from Verizon Wireless appeal was discussed. Verizon is proposing the use of the Michigan depreciation schedule for Massachusetts’s towns.
There will be no September meeting of the Board. Our next meeting will be held on Monday, October 27, 2008 at 4:30 P.M. in the Starbard Building.
Respectfully submitted:
Beverly Potvin Kenniston
APPROVED:____10-27-2008_______
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