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Town manager: new appraisals add about $138 million in taxable value; board warned to raise overlay and prepare for mill rate near $9.45
Summary
Town staff told the Select Board that recent commercial appraisals — chiefly for Pratt Whitney and Hussey — raised the town's taxable valuation by roughly $138 million, prompting a recommendation to increase the overlay to cover possible abatements and signaling an expected effective mill rate near $9.45.
The town's taxable valuation rose by roughly $138 million after new appraisals, and town staff told the Select Board on July 29, 2025, that the increase is driven largely by updated valuations for Pratt Whitney and Hussey.
Town Manager Crane Warren said the appraisal for Pratt rose from about $45 million to roughly $120 million and, after applying the town's ratio, that company's taxable value will be about $103 million. He said Hussey's valuation rose from roughly $7.5 million to about $17 million, producing a taxable value of about $16 million. "Pratt just finished a $20,000,000 project in air conditioning their building," Warren said, and the companies supplied the town with lists of improvements that increased their valuations.
The increase in those industrial appraisals, combined with a roughly 8%…
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