The most noteworthy point of the meeting was the board’s detailed review of property sales and their impact on fiscal year 2025 assessments. The board examined the LA3 sales report, highlighting the fluctuations in property sales and the unprecedented sale of one property, listed at $450,000 but sold for $630,000, which was $180,000 over the asking price. This sale was considered unprecedented and sparked a discussion on whether the property had been underlisted, particularly given its desirable location and features.

In reviewing the fiscal 2025 valuation reports, the board noted that the median assessment to sale ratio for single-family homes stood at 89%, below the Massachusetts Department of Revenue’s requirement of 100% market value. The board aimed for a target ratio of approximately 95% to 96%.

The board also discussed the classification assessment report, outlining changes stemming from the 2023 sales. It was noted there was a consistent parcel count for single-family homes, with five new homes built countered by five homes being demolished. Residential properties saw an overall growth of approximately 5.6%, commercial properties increased by 8.2%, and personal property rose by 9.4%, influenced by growth in the utilities sector.

Another point was the board’s discussion on the motor vehicle excise commitment number five, amounting to $81,852.50. These excise bills were scheduled for distribution by the end of the week, with a due date set for the end of October. Additionally, an uncollectable motor vehicle excise abatement totaling $2,638.74 was highlighted, marked at the registry to ensure individuals must settle their debts before registering a vehicle or obtaining a new license.

The meeting also covered the fiscal policy regarding uncollectible motor vehicle excise from 2012, amounting to $29,645. This item had been a topic in the previous meeting, and the board reiterated that these debts would remain marked at the registry until settled.

Director of Assessing, Diane Bishop, provided a report, highlighting that the second-quarter legal files had been sent to the tax collector, with tax bills due by November 1st. Applications for Chapter 61, 61A, and 61B would begin on October 1st, with a deadline extended to December 1st. Bishop also mentioned that FY25 real estate exemptions would start accepting applications on November 1st, encouraging early submission for residents’ convenience.

The board also reviewed the crumbling foundation policy, discussing total depreciation for homes with confirmed crumbling foundations. The specifics of how depreciation would apply were debated, with an emphasis that total depreciation should not fall below 75%, except for cases categorized as level E, which could potentially drop to 100%. Questions arose regarding the current status of level D properties and how their physical condition would be assessed, sparking a discussion on ensuring consistency in policy application.

Lastly, the topic of accessory dwelling units (ADUs) was introduced, noting the recent legislation allowing these units by right, effective February 3, 2025. The planning board is currently drafting a bylaw to address this change, and the director of planning had provided a PowerPoint presentation to the planning board. The board discussed specifics regarding the size limitations of ADUs and the lack of a requirement for additional parking. They highlighted that while short-term rentals cannot be prohibited, local regulations must still be adhered to. The board acknowledged the need to await further guidance from the Department of Revenue regarding the implications of this new law on assessors.