Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Abatement topic
No spam. Unsubscribe anytime.
Board reduces assessed values for two Paugus Bay View condominium units
Summary
The Board reduced assessed values for two condominium units at Paugus Bay View (147 Weirs Blvd, Units 4 and 5), citing limited comparable sales; adjustments will be applied across the complex for 2026.
Two year-round condominium units in the seven-unit Paugus Bay View Condominium across from Paugus Bay had their assessed values reduced after the board determined prior values were overstated given the thin sales data in the complex.
Mark and Haylie Gulino’s Unit #4 (1,000 sq ft) had its assessed value reduced from $499,000 to $419,600 (abatement $79,400) on a motion by Karen Mudgett. Kenneth W. Luciani’s Unit #5 was reduced from $501,400 to $421,400 (abatement $80,000) on a motion by Jim Rice. The minutes state that an adjustment to the complex adjustment code will similarly reduce values across the complex for 2026.
