Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Seller and buyer dispute land‑use tax after Lot F sale; assessors to review abatement
Summary
Owners and the buyer of a parcel called Lot F told the Woodstock Select Board they are seeking an abatement after the town’s assessor valued the land for Land Use Change Tax (LUCT) purposes at $90,000 even though the sale price was $45,000; assessors will review submitted materials and may recommend an adjustment to the Select Board.
Seller and buyer of a parcel known as Lot F told the Town of Woodstock Select Board on a public meeting call that they have submitted an abatement request after the assessor’s office treated part of Lot F as in "current use" and applied a land‑use change tax that increased the assessed value well above the $45,000 sales price. Ed Magiacomo Jr., president of GV Inc., said he did not realize part of the parcel remained in current use when he sold the lot.
The matter matters because a land‑use change tax (LUCT) and a current‑use designation can trigger retroactive taxes or penalties when open land is removed from the program, and the assessed valuation drives the amount owed. The assessor and appraisal staff will review the abatement materials and then make a recommendation to the Select Board.
At the meeting the board discussed procedural and factual points rather than taking any immediate vote. Magiacomo said the lot closed…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
