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The Board unanimously tabled the Dwight Road LLC valuation matter to seek more information about the income-and-expense formula and capitalization rate used. The board also reported that cyclical property inspections will begin in the spring, three property abatements remain, and a FY25 abatement for Big Y was continued at the ATB to June 3.
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The Dwight Road valuation was not decided at this meeting, so the assessors will obtain additional information before taking further action. The board also discussed several residential property valuation and abatement matters, including one property owner who said they were satisfied with the recommendation. Property inspections are expected to begin in the spring.
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