I was on our town's select board for 9 years and had to get very involved with assessing. However, this was seventeen years ago. For the sake of the taxpayers we didn't want to have a town wide reval any more often than we could help it. Everyones value pretty much rises at the same rate, but the assessed value stays pretty much the same, until a reval is done. This means that the real market value is almost always above the assessed value unless there is some major economic value that drops a bunch of major properties by a lot, which can happen. We tried, as I said, to put it off for as long as we could and the state allowed us to as long as our coefficient of dispersion stayed below the allowed limit. The COD gets driven up mainly by homes selling for way above the assessed value. Once in a great while a case would come along where the assessor would advise us to give an abatement. One was where a restaurant failed four times and the property would not sell at 1/3 of what it was assessed for. Another was my property, where the acreage was never adjusted from when a building lot had been sold off 15 years earlier. Assessing appeared to me to be a pretty cut and dried process. Mainly just checking off boxes on a state supplied form. JDEM, if you see an obvious flaw at a specific point in the process of property evaluation that enables the value put on it to be twice what it can sell for you should be taking it to the state board and get them to fix it.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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