New Bedford City Councilors Take Stand Against Property Owners Ignoring Assessors
Over the past three decades, owners of income-producing properties in New Bedford have consistently disregarded requests from city Assessors to disclose their property’s income and expenses. This trend, which has persisted for the better part of 30 years, poses challenges for accurately assessing the value of income-generating real estate within the city.
In response to this ongoing issue, state law now permits fines to be imposed on property owners who fail to comply with the Assessors’ requests. However, concerns regarding the implementation of these fines have been raised by the City Council Finance Committee, sparking debate and deliberation among council members.
This development underscores the importance of property owners fulfilling their obligations to provide necessary financial information to Assessors, ensuring a fair and accurate assessment of property values in New Bedford.
For more in-depth coverage of this story and other important local news, visit SouthCoastToday.com. And stay tuned for updates as this issue continues to unfold in the coming weeks.