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Board approves routine personal property write‑offs and several abatements including 47 Madison and 201 Edgewater correction
Summary
The Wakefield Board of Assessors approved 72 personal property account write‑offs, authorized a $17,000 reduction and $199.58 tax abatement for 47 Madison, and corrected a previous timing error to reduce the assessment on 201 Edgewater to $10.5 million, lowering value by $1,326,700.
The Wakefield Board of Assessors voted to approve staff recommendations to clear 72 personal property accounts from the receivables ledger after repeated collection attempts failed. Staff credited Kathy Kelly and her collection team for their work identifying and exhausting collection avenues before recommending write‑offs.
Separately, staff recommended lowering the assessed value for 47 Madison after an inspection found a finished basement and other minor quality downgrades. The board approved a $17,000 reduction in assessed value and an associated tax abatement of $199.58.
Staff also acknowledged an internal timing error affecting 201 Edgewater: a previously negotiated value of $10.5 million was not applied for the 2027 record, producing an excessive assessment figure. To correct that error, the assessment will be reduced to $10.5 million, a reduction in value of $1,326,700 with a tax change stated in the transcript as $29,718.08. Staff said the adjustment reflected a prior agreement that was inadvertently omitted and the board approved the correction.
Board members approved the motions by voice vote and thanked staff for their detailed review and follow‑through.
