Swansea officials assess rising values of airport hangars amidst owner eviction discussions

The Swanzey Select Board meeting on March 26, 2025, focused on several key issues, including the process of eviction applications and the valuation of airport hangars in the area.

During the meeting, a discussion arose regarding the eviction process, specifically whether property owners are required to apply for eviction. It was noted that the owner must indeed initiate the eviction process, which can be complicated if proper procedures are not followed. This could potentially delay the process, emphasizing the importance of adhering to established protocols.

Another significant topic was the valuation of airport hangars. Board members discussed the rising costs associated with hangars, noting that new hangars can exceed $200,000. There was a consensus that the cost of living has not kept pace with the values of these hangars in Swanzey. Some members expressed concern that individual owners have seen their assessments double over the past decade, yet few have complained about high assessments, likely due to their understanding of market values.

The board acknowledged the lack of comprehensive data on airport hangar sales, which has made it challenging to establish accurate valuations. It was mentioned that data collection has improved over the past ten years, but there is still a need for more robust information to support fair assessments.

In conclusion, the discussions highlighted the complexities of property management and valuation in Swanzey, with a focus on ensuring that processes are followed correctly and that valuations reflect current market conditions. The board's ongoing efforts to gather data and address these issues will be crucial for future decision-making.