Board Denies Commercial Property Assessment Appeal
At a glance
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The Board unanimously denied the appeal for 5 Park Avenue, leaving the property’s assessment unchanged at $4,160,180. The Board also ordered inspections for three other appealed properties before its planned March 26 meeting.
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What this means
The 5 Park Avenue appeal was denied because the Board classified it as a commercial property assessed at more than $1 million. Its assessment will remain $4,160,180. Inspections were scheduled for 13 Old Farm Road and 56 Lake Street on March 16, and 77 Averyll Avenue on March 18, with the Board scheduled to meet again on March 26.
Key decisions
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- Unanimously denied the appeal for 5 Park Avenue.
- Kept the 5 Park Avenue assessment at $4,160,180, with no change.
- Requested Assessor inspections of 13 Old Farm Road and 56 Lake Street on March 16, 2026.
- Requested an Assessor inspection of 77 Averyll Avenue on March 18, 2026.
- Planned to meet again on March 26, 2026.
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