ABCC On Fire

[Slickcraft]

Originally Posted by fatlazyless

...looking for an informed answer from a real estate person.....will the owners of the 35 burnt cottages be required to pay their property taxes in full through either June 30, or December 31, 2009, for tax year 2009, as was mentioned in the April 15 www.citizen.com?

The article mentioned that since the destructive fire occurred after April 1, that this may be the case. Would like to hear more on this from the Alton town assessor?

I offer two facts but no speculation:

1. By state law property assessments for tax purposes are as of April 1st (one reason why a lot of new construction starts in earnest after April 1st).

2. The Selectmen have to authority to abate taxes in part or in whole for just cause (after the tornado timber tax was abated for tornado damaged lots).

[MikeM]

The story made the local radio news on my way to work monday morning all the way down here in Port Charlotte Fl.


What a terible loss for all invloved.

[Waterbaby]

Originally Posted by Slickcraft

I offer two facts but no speculation:

1. By state law property assessments for tax purposes are as of April 1st (one reason why a lot of new construction starts in earnest after April 1st).

2. The Selectmen have to authority to abate taxes in part or in whole for just cause (after the tornado timber tax was abated for tornado damaged lots).

Correct on both counts, I forgot to mention in my above post the tax abatement application. If any ABCC cottage owners are reading, please check with the Alton town offices for the abatement deadline -- the forms have to be filed by (I believe) March 1 of next year! (The Selectmen also have the right to deny applications for abatement -- keep in mind abatements directly affect the tax rate, lower evaluations = higher taxes for everyone!)