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Board approves $6,190.05 abatement for Maple Tree Place after missed Act 68 exemption
Summary
Williston’s Board of Abatement approved a $6,190.05 tax abatement for Maple Tree Place Housing LP after the lister’s office failed to apply an Act 68 exemption; Champlain Housing Trust and staff cited VSA 32 §3481 and VHFA valuation guidance.
The Williston Board of Abatement voted May 12 to abate $6,190.05 for Maple Tree Place Housing LP after the lister’s office failed to apply an Act 68 exemption for qualifying low-income property.
Town Assessor Bill Hinman explained that the exemption had been overlooked and recommended the abatement amount. Michael Monte, representing Champlain Housing Trust, agreed and referenced VSA 32 §3481 and a Vermont Housing Finance Agency (VHFA) spreadsheet the trust uses to determine unit valuations for affordable housing (valuation based on income rather than resale or market value). Chair Andy Mikell and board members discussed that this proceeding concerned an abatement for the current tax year; any review of assessment methodology would be considered for next year’s tax process.
Tony Lamb moved to abate the amount recommended by the assessor; Debbie Ingram seconded the motion, which passed. The board and Champlain Housing Trust agreed the assessment process and application of statutory exemptions will be reviewed to clarify how such properties are valued going forward.
