In the wake of a state report released in December outlining the unfairness of a reimbursement formula for a payment in lieu of taxes (PILOT) program for state-owned land, Sen. Adam Hinds, D-Pittsfield, plans to file legislation to revamp the.
The Massachusetts Appeals Court on Wednesday affirmed a state Appellate Tax Board decision reclassifying a vacant lot as a residential property instead of commercial, and granting an abatement to account for the lower tax rate on residential property.
Hinds preps bill to revamp PILOT funding
Sen. Adam Hinds, D-Pittsfield, will soon file legislation to change the funding formula for the state’s Payment In Lieu of Taxes program for state-owned land. SUBMITTED PHOTO
Published: 2/8/2021 1:56:36 PM
In the wake of a state report released in December outlining the unfairness of a reimbursement formula for a Payment In Lieu of Taxes program for state-owned land, Sen. Adam Hinds, D-Pittsfield, is preparing to file legislation to revamp the formula.
The pilot program provides reimbursements to communities that have state-owned land within their borders. However, the December report from state Auditor Suzanne Bump’s office says that not only is the formula unfair, but the program is underfunded. The report also cited problems with solar PILOTs as well.
BARNSTABLE The town of Barnstable and the owners of the Cape Cod Mall are locked in litigation over how much the shopping complex on Iyannough Road is worth.
Mayflower Cape Cod and Simon Property Group, which own the mall, and the town are before the state Appellate Tax Board because their valuations of the property differ by $28 million in fiscal 2018 and $32 million in fiscal 2019, according to court filings.
The town also filed a lawsuit in Barnstable Superior Court against the mall owners in September, calling for the court to compel the owners to give testimony and produce documents relevant to the assessments. It’s also looking for banking records from the mall’s lenders, as well as lease information, construction contracts and other documents related to Target, Dick’s Sporting Goods and Planet Fitness, three of the mall’s newest tenants.
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience. Necessary