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Board says auditor will cut shopping‑center's 2024 valuation after successful appeal; discusses sale process for 306 Bank Street
Summary
The Saint Bridal CIC reported a successful appeal that will reduce the shopping‑center's 2024 assessed value from about $2.1 million to roughly $757,000, potentially producing a tax refund or credit; the board also discussed offering 306 Bank Street first to adjoining owners and asked the property review committee to recommend pricing.
The Saint Bridal Community Improvement Corporation told members on July 22 that it had won an appeal to lower the 2024 assessed value of the shopping center, a change the treasurer said will reduce the auditor's valuation from roughly $2.1 million to about $757,000.
"We did win our appeal for the 2024 valuation," the Treasurer said, adding the auditor will adjust the total to…
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