The challenges to assessments of large retail operations can cost communities million in property tax collections.
property taxes
Posted inBusiness, Maine
State will use $3.5 million in federal funds to help older Mainers pay property taxes
Gov. Mills said the loans will cover annual property tax bills for some residents who are unable to pay them and are age 65 and older or are permanently disabled.
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Posted inMaine
Soaring home sale prices prompt Augusta to ponder property revaluation
Officials warn a revaluation, in the current market, is likely to push more of the property tax burden onto residents.
Posted inNews, River Valley
Dixfield inn subject of foreclosure likely to be total loss for homeowner
After purchasing the historic brick home on Weld Street in 2017, Ann Marie Cook and her mother, Jean Louise Cook, quickly became overwhelmed with the cost of keeping the place heated and maintained, and stopped paying their property taxes altogether a year later. Now, facing foreclosure, Ann Marie Cook says buying the building was a “humongous mistake.”
Posted inMaine
Some Portland residents face sharp rise in tax bills following revaluation
Neighborhoods on the Portland peninsula, such as Munjoy Hill, Bayside and the West End, saw the largest increases in both property values and projected tax bills.
Posted inBusiness, Maine, News, Politics
Divided tax committee endorses surcharge bill for high-wage earners
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 inMaine, 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, Maine
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, Maine
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 inLewiston-Auburn, News
Poland taxpayers get two more months to pay spring bill
POLAND — Town officials voted earlier this week to waive accrued interest on April’s tax bills until July. “This gives another 60 days to pay your second half of your 2020 real estate or personal property taxes without interest accruing,” according to a message on the town’s website. The spring payment of the semiannual tax […]