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Kennebunk Board orders abatement for 51 Great Hill Road, sets valuation at $1.55 million
Summary
The Board of Assessment Review voted 2-1 to reduce the April 1, 2025 assessment for 51 Great Hill Road from $2,767,500 to $1,550,000 after considering the buyers' 2024 sale, an appraiser's testimony on limited utility, and a Code Enforcement letter.
The Town of Kennebunk Board of Assessment Review voted 2-1 on June 30 to lower the assessed value of 51 Great Hill Road (Map 67 Lot 116) to $1,550,000, granting an abatement from the assessor's April 1, 2025 valuation of $2,767,500.
Board member Thomas Wellman moved the final, amended motion after deliberations; Wayne Berry seconded. The motion found the applicants' valuation correct, ordered an abatement of $1,217,500 from the assessor's valuation, and concluded the assessor's valuation was manifestly wrong due to substantial overvaluation. The vote was 2 in favor (Wellman, Berry), 1 opposed (Chair Richard Smith).
