Wayland assessors project at least 5 percent jump in property assessments

WAYLAND — August 23, 2023 — Wayland assessors project at least 5 percent assessment hike for fiscal 2024. At the Board of Assessors' Aug. 23 remote meeting, staff told Chair Zachariah L. Ventress and members Massimo Taurisano and Steven Klitgord that January-through-June 2023 sale prices are running $200,000 to $800,000 above assessed values despite tighter inventory, and that he anticipates "at least a 5 percent increase in assessments" by certification. The board also reviewed updated Department of Revenue cherry-sheet figures showing fiscal 2024 receipts of $8,555,594, up from $7,360,992, against $148,319 in state charges. Minutes confirmed prior unanimous votes on a $156,800.69 motor vehicle excise commitment and $3,734.75 in July abatements. The board then entered executive session to discuss a Level 3 Communications Appellate Tax Board matter.