Your assessment is based on two parts: the land value and the building value. The building value is based on what is there, not what you could theoretically build. The conforming lots in town aren't all assessed as if we have the 15,000 square foot mansion we could theoretically build on a 80,000 square foot lot! The land value is determined by an assessor's process that I do not fully understand.
On Mon, Nov 27, 2023 at 6:56 PM Sara Mattes <samat...@gmail.com> wrote: > I believe what John has quoted suggested “highest and best use” which > would consider the zoning in determining “highest and best use.” > If this is, in fact, the case then the assessed value would be reflect the > maximum build out. > ------ > Sara Mattes > > > > > On Nov 27, 2023, at 6:38 PM, DJCP <djcp0...@gmail.com> wrote: > > BUt I think the point is that the assessment doesn't change until the 30 > units are built. Sure it has more potential value, and someone may pay more > for it than before the zoning change, but it won't change your actual > assessment or tax bill. > Diana > > On Mon, Nov 27, 2023 at 6:25 PM John F. Carr <voxsciuro...@gmail.com> > wrote: > >> I don't think this statement is accurate: >> "Properties are assessed based on their current use, not on future >> possible use." >> >> Quoting from a Massachusetts guide for property assessors: >> >> "Fair cash valuation is based on the highest and best use of the land, >> which >> should reflect the applicable zoning, building or other land use laws and >> regulations, as well as the physical characteristics of the land." >> >> A buildable lot in Lincoln, zoned for one residence, is worth over >> half a million >> dollars. What happens if that land is rezoned to allow 30 units instead >> of one? >> The land is going to be worth several million dollars, not half a >> million. The >> assessed value of the structure on the land has not changed. The total >> tax >> bill has changed. >> >> John Carr >> >> On Wed, Nov 22, 2023 at 2:29 PM Jennifer Glass via Lincoln >> <lincoln@lincolntalk.org> wrote: >> > >> > On behalf of the HCAWG Outreach Team, we wish you a relaxing holiday >> weekend. >> > >> > >> > - Jennifer, Gary, Kathy >> > >> > >> > 2023 11 22 Housing Choice Act Working Group - FAQs >> > >> > What is Option E? A group of residents submitted an option that was >> reviewed at the November 21st Housing Choice Act Working Group (HCAWG) >> meeting. Documents describing the option, as submitted, may be found in the >> documents section of the HCAWG web page ( >> https://www.lincolntown.org/1327/Housing-Choice-Act-Working-Group). The >> link to the meeting recording is here: >> https://us06web.zoom.us/rec/share/OWG-84wg0A5W2q8JB2fYWrWAoTq7sMmr4Mv8qCJRRMn0IV7INcFS1evLwQljYv8-.1lOpdFNjrb0Yvp2Q >> > >> > >> > >> > Will property value assessments change with rezoning? No. Properties >> are assessed based on their current use, not on future possible use. If a >> neighbor’s property changes use, that still does not affect assessment. >> Assessments change when an individual property’s use changes. >> > >> > >> > >> > Why is the commuter parking lot included in the Village Center >> subdistrict? All of the options developed by the HCAWG include the Village >> Center subdistrict which is comprised of the Mall (owned by the RLF), >> Doherty’s, and the two town-owned commuter parking lots (the resident lot >> and the one at the back of the Mall). >> > >> > · Both commuter lots are currently part of the South Lincoln >> overlay district. Keeping the lots in the Village Center overlay district >> is consistent with past practice and planning principles. >> > >> > · As the HCAWG has said from the beginning, and in keeping with >> planning discussions over the past several decades, including it in the >> Village Center subdistrict gives the town planning flexibility. >> > >> > o The Mall area is small (4 acres). Including the parking lot allows >> for more holistic planning. >> > >> > o Including it gives the Town leverage in conversations about how >> that area is redeveloped. >> > >> > o Residents have expressed strong support for developing moderate and >> affordable housing. Including the parking lot signals to the state and >> potential developers that Lincoln is serious about transit-oriented >> planning. This would help the Town gain access to housing development >> funding that is only available to municipalities. This funding is what >> would make moderate/affordable housing possible. >> > >> > o It is also a signal to the MBTA that we are doing our part and >> expect them to do theirs when it comes to providing an accessible station >> and improved service. >> > >> > · Because it is town-owned land, ANY change in use of the parking >> lot requires a 2/3 majority vote at a Town Meeting. This would still be >> true even if it is rezoned as part of the HCA. There is no downside to >> including it as part of a rational zoning process. >> > >> > >> > >> > Is the vote for an option at the Special Town Meeting binding? The >> HCAWG and the Select Board will consider the vote binding subject to any >> necessary technical changes needed for compliance. >> > >> > · No matter which option residents choose on December 2nd, the >> proposal will need to go through an initial compliance check by the >> Executive Office of Housing & Livable Communities (EOHLC). >> > >> > · If changes must be made for compliance, they will be shared >> with residents as soon as possible before the March Annual Town Meeting. >> > >> > >> > >> > Why are we voting in March when the deadline for compliance is December >> 2024? The Select Board and Planning Board began talking about the Housing >> Choice Act in January of 2022 when the legislation was passed ( >> https://www.lincolntown.org/AgendaCenter/ViewFile/Minutes/_01312022-4365). >> The guidelines were finalized over the summer of 2022, and the Select Board >> appointed the Housing Choice Act Working Group in the fall. The discussion >> and process has been ongoing for close to two years. >> > >> > In December 2022, the Town submitted an Action Plan to the state which >> was approved in January of 2023. The plan included a timeline for >> compliance, and the Town process is in keeping with the approved timeline >> which stated that work will be complete and ready for Town Meeting in March. >> > >> > Compliance is a multi-step process and technically complex, making it >> important to allow time for each step in order to be compliant before the >> end of 2024. >> > >> > 1. Submit option to EOHLC for a preliminary compliance check at >> least 90 days before a Town Meeting vote. >> > >> > 2. Approve HCA zoning at Town Meeting (majority vote required). >> > >> > 3. Submit approved warrant to the Attorney General. >> > >> > 4. Submit zoning to EOHLC for final determination of compliance. >> > >> > >> > >> > >> > >> > -- >> > The LincolnTalk mailing list. >> > To post, send mail to Lincoln@lincolntalk.org. >> > Browse the archives at >> https://pairlist9.pair.net/mailman/private/lincoln/. >> > Change your subscription settings at >> https://pairlist9.pair.net/mailman/listinfo/lincoln. >> > >> -- >> The LincolnTalk mailing list. >> To post, send mail to Lincoln@lincolntalk.org. >> Browse the archives at >> https://pairlist9.pair.net/mailman/private/lincoln/. >> Change your subscription settings at >> https://pairlist9.pair.net/mailman/listinfo/lincoln. >> >> -- > The LincolnTalk mailing list. > To post, send mail to Lincoln@lincolntalk.org. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > > > -- > The LincolnTalk mailing list. > To post, send mail to Lincoln@lincolntalk.org. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > >
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