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Berkley assessors keep Mark Pettey Jr. as chair, set 2% personal-property rate for summer residences
Summary
At its June 5 meeting, the Town of Berkley Board of Assessors unanimously reappointed Mark Pettey Jr. as chairman and adopted a policy setting personal property for summer residential homes and condos at 2% of fiscal-year adjusted RCNLD for the year.
The Town of Berkley Board of Assessors unanimously reappointed Mark Pettey Jr. as chairman and adopted a valuation policy setting personal property for summer residences at 2% of fiscal-year adjusted replacement cost new less depreciation (adj RCNLD).
Clerk Jeanne Russo moved to retain Mark Pettey Jr. as chairman; Lisa Tetreault seconded the motion and the board approved it unanimously. Later in the meeting, Chairman Pettey moved that personal property on summer residential homes and condominiums be set at 2% of FY adj RCNLD; the motion was seconded by Jeanne Russo and approved by the board.
The minutes record the board’s votes but do not provide additional detail on how the 2% figure was calculated or whether the policy will be applied prospectively or retroactively. The record also does not list a formal implementation date beyond the fiscal-year reference in the motion.
