Officials warn a revaluation, in the current market, is likely to push more of the property tax burden onto residents.
property taxes
Posted inMaine Voices, Op-Eds, Opinion
Maine Voices: All Mainers face unfairly inflating property tax burdens
In light of unforeseen and ongoing change, it is long overdue for Augusta to seek to reform this system.
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Posted inLocal & State
Waterville council approves $46.5 million budget, cuts tax rate by 26 cents
With the new Waterville tax rate of $25.50 per $1,000 worth of valuation, someone who owns a home valued at $100,000 will pay $26 less a year.
Posted inLocal & State, News
New law will provide tax relief to thousands of Maine seniors
Under the program designed to help seniors age in place, the state will pay property taxes for those 65 and older who qualify and agree to give the state a lien on their property for eventual repayment.
Posted inTimes Record
Bath could see tax increase from settlement deal with BIW
The city agreed to reduce the shipyard’s valuation from $640 million to $509 million, lowering the city’s overall valuation, causing the tax rate to increase.
Posted inBusiness, Local & State, News, Politics
Divided tax committee endorses surcharge bill for high-wage earners in Maine
The Legislature’s Taxation Committee voted 6-5 Tuesday to advance a bill that would tack a 3% surcharge on taxable income over $200,000.
Posted inLocal & State, News
Pandemic-fueled real estate boom threatens property tax hikes as much as 30% for Maine homeowners
Long-delayed revaluations promise to shift some tax responsibility from business to residential property owners; one South Portland woman is considering selling her plasma to cover the costs.
Posted inBusiness, Local & State
Report touts economic benefits of Maine tax credit for historic properties
The study of Maine’s historic rehabilitation tax credit says it has given the state’s economy a major boost and has more than paid for itself.
Posted inBusiness, Local & State, Morning Sentinel
Madison Paper to appeal to Maine Supreme Judicial Court latest decision on tax abatement
Twice the taxes levied by the town of Madison have been challenged and twice the town has won, but at a cost of $200,000 which will increase because of the fight in the high court.
Posted inLocal & State, Morning Sentinel
Winslow Town Council raises property tax rate at special meeting
Citing a revenue shortfall, councilors approve an 18 cent increase to the property tax rate.