During the meeting, the Board engaged in a debate on the need for objective measurements to assess the potential tax revenue from new businesses. The Board delved into the complexities of projecting market values for commercial and industrial properties through income approach valuation, which considers projected rents and expenses. Additionally, the possibility of tax abatements and their impact on other town businesses emerged as a point of contention.

The Board also explored the use of advanced data analysis tools, such as computer-assisted modeling processors and geographic information systems, to facilitate a more accurate evaluation of properties and business types. They discussed the efficiency of the town’s current database and the challenges in accessing and compiling comprehensive data. In the context of commercial property taxation, the Board debated the taxation of personal property and how some businesses might circumvent these taxes.

The potential implementation of a Recreation destination map was another significant topic, aimed at attracting businesses that could draw visitors and stimulate local spending. Furthermore, the Board discussed profiling vacant properties in the town to identify suitable prospects for new businesses.

The meeting also addressed the postponement of the tax board meeting to September, the approval of motor vehicle abatements and bills, and the motor vehicle commitment number four. Additionally, there was a request to the select board to hire an assistant assessor for the assessor’s office.

This collaboration would be particularly crucial when businesses appeal their assessments, an issue that was also discussed during the meeting.