Massachusetts Tax Board Abates Taxpayers Ipswich Property Valuation

The Massachusetts Appellate Tax Board issued a ruling granting taxpayers appeal against the Board of Assessors of Ipswich Town. Taxpayers owned a 690-square-foot condominium unit in the Little Neck condominium complex, which the assessors had valued at $948,700 for fiscal year 2023. Taxpayers argued that the property’s lack of heating, insulation, and other dated features, as well as building restrictions and limited parking, warranted a lower valuation of $675,000. The Board found taxpayers’ evidence persuasive and determined that the fair cash value of the property for fiscal year 2023 was $775,000, granting an abatement of $2,124.35. [Mark and Kara Sullivan ...