The board also explored the introduction of new exemptions under the Harrow Act, which would not be enacted until fiscal year 2026. These exemptions could potentially double veterans’ exemptions from the current $400 to $800, depending on funding. The proposal brought to light the need for an estimated $110,000 in additional funding. The current senior exemption, unchanged since the 1980s, stood at $500, prompting a discussion on the fairness of the proposed veterans’ exemption increase.

Another noteworthy issue was a procedural change in language for meeting notifications. The shift from “notice of hearing” to “notice of meeting” was implemented to align with new procedural requirements for joint meetings with the Town Council, eliminating the necessity for legal notices. This adjustment ensures communications are consistent with updated procedures and highlights the board’s ongoing efforts to streamline administrative processes.

In addition, the board addressed a historical matter involving supplemental tax bills from fiscal year 2005. Nineteen supplemental tax bills were issued outside the current collection software, leading to discrepancies identified by auditors. The board deliberated on whether to write off these outstanding taxes, valued under $5,000, due to issues with documentation over time. They contemplated appealing to the commissioner of Revenue for permission to address these circumstances, as the board does not have the authority to resolve them independently.

The meeting also included a review of final reports for fiscal year 2025 valuations, confirming previous sales reports and adjustments, save for a reduction in New Growth by $523 linked to state regulations on utility company claims. Optimism for future growth was expressed, fueled by the current construction pace, with multiple new homes and foundations underway. This trend was attributed to favorable weather conditions, facilitating rapid development in various subdivisions.

In other business, the board discussed its crumbling foundation policy review. The proposed revision aimed to prevent homes with crumbling foundations from depreciating below 75% of their value unless classified as level E, where 100% depreciation would apply. This initiative was driven by concerns over negative assessed values despite the homes’ habitability. The motion to implement this policy change was seconded and approved unanimously.

As the meeting drew to a close, the board prepared for the forthcoming tax classification hearing, scheduled for November 12th. Members confirmed their attendance and the necessity of early preparation for the session, where the percentage of the tax levy borne by different property classes will be determined. Additionally, the board entered an executive session to discuss motor vehicle excise, boat abatements, and ATV updates, emphasizing their continued focus on fiscal management and policy refinement.