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Taunton council declines right of first refusal on portion of North Precinct Street farmland
Summary
CFO Delorusso told the council a private parcel on North Precinct Street would trigger a Chapter 61A five-year tax "look back" if converted, generating clawback taxes slated for the city's sustainability fund; after questions about conservation value the council voted to decline its right of first refusal.
Taunton's Committee of the Whole voted to decline the city's right of first refusal on a portion of assessor's Map 113, Lot 1 after hearing from CFO Michael Delorusso about the tax consequences of a private sale.
CFO Delorusso said the parcel was privately owned and would not produce sale proceeds for the city, but would instead trigger Chapter 61A's five-year look-back that converts the taxed value to a residential basis. "Once the sale occurs, the five-year look-back period would result in the city receiving…
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