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Council accepts deed in lieu of payment for Benevento Circle lot to clear $101,000 in back taxes
Summary
The Finance Committee approved accepting a deed in lieu of payment for a small, conservation-restricted lot on Benevento Circle to extinguish roughly $101,000 in outstanding back taxes; the city will take title to an unbuildable, triangle-shaped parcel valued at $6,530, according to the treasurer.
The Peabody City Council Finance Committee voted 5-0 to accept a deed in lieu of payment for a parcel on Benevento Circle, which the treasurer said will be used to satisfy roughly $101,000 in unpaid taxes.
Treasurer Teitelbaum told the committee the parcel is assessed at $6,530 and is an unbuildable, triangle-shaped lot that was placed under conservation restrictions in 1999. The treasurer said the property…
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