Homes in Adams tend to sell 8 to 14 percent higher than their assessed values.
"That's a good thing, and it is good to see the values increasing in town," Town Administrator Tony Mazzucco told the Maple Grove Civic Club on Sunday. "North Adams and Pittsfield in their last cycles have seen it a little bit so maybe they are catching up, but we are seeing our values go up."
The town has settled the tax appeal lawsuits with the former owners of the Berkshire Mall.
The former owners, Strategic Property Services under Berkshire Mall LLC., had appealed its assessment for both fiscal year 2015 and 2016. But, when in preparing for its sale to Kohan Retail Investment Group, the owners sought a settlement agreement with the town and the Baker Hill Road District on those assessments and a lawsuit.
A settlement regarding the assessment of the Berkshire Mall may be near.
The Baker Hill Road District's Prudential Committee held an emergency meeting with the Board of Selectmen Monday night, in which both boards discussed the current Appellate Tax Board cases between Berkshire Mall LLC. and the town's Board of Assessors and the Baker Hill Road District as well as cases between those entities in the Massachusetts Appeals Court.
The Finance Committee is recommending voters approve the Mount Greylock Regional High School Project.
In a 3-2 vote, the committee supported the part-renovation and part-new construction of the secondary school. The project is will cost $64.8 million with the town paying about a third of the district's $32.3 million share with the state funding the rest.