Common Areas Assessment Policy

Durham Town Policies · 1 pages · 220 words · all documents · the town's PDF →

This is machine-extracted text, not the document. This file is an image-only scan and was read by OCR, so figures, names and table layout are unreliable. The town's copy is authoritative; open it before relying on anything here.

| DURH A

rr | f oa) TOWN OF DURHAM Ba ee 630 Hallowell Road | NA Durham, Maine 04222 as Ky RPORATES Tel. (207) 353-2561 | Fax: (207) 353-5367 | Town of Durham Policy on Assessment of Common Areas

The purpose of this policy is to provide clarification to the Assessors' Agent, Select Board, Office Staff and general public on how the Town of Durham values common area. This policy is for properties that have gone through subdivision approval and have lots within that subdivision classified as "common land" or "common area" and are owned by Homeowners Associations. It is the decision of the Board of Selectmen that since common areas within a subdivision have nominal value, and the sales price of each approved lot includes a portion of common area, and common areas are a necessity for subdivision approval, all common lots will no longer be assessed as individual lots of record. The Town of Durham will show all common areas on the tax maps as depicted on the subdivision plan and keep property records of each lot. As of April 1, 2020 these lots will no longer be issued a tax bill. Date: October 22, 2019 Al. | . Q Gas.

Mare-Farrin _~ Board of Selectmen/Assessors ( LA LLLP Richard Géofge Kevin Nadeau, Chair Rob Pontau |

Source: common_areas_assessment_policy.pdf on durhammaine.gov. Text extracted with pdftotext, then OCR; no wording has been corrected.