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.
property taxes
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.
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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 […]
Posted inBusiness, Maine, News
Bill would prohibit a common property tax appeal by big-box retailers
Large retailers have been pressuring Maine communities to lower their property taxes based on hypothetical arguments about the properties’ resale value.
Posted inBusiness, Maine, News
Freeport considers tax break for L.L. Bean headquarters expansion
The retailer is requesting a $10 million tax increment financing district that could help offset its future property tax costs and fund community projects.
Posted inBusiness, Maine, News
About 300,000 Maine homeowners will get $100 each in property tax relief
Mainers who pay property taxes and are eligible for the state’s Homestead Exemption program can expect to get checks for roughly $100 by January or February.
Posted inMaine, News, Politics
Maine Senate Democrats will hold town halls to publicize legislative agenda
Democrats, who hold a Senate majority, say they’ll focus on health care, property taxes, energy independence and protecting workers’ rights.
Posted inLivermore Falls Advertiser
Wilton property tax rate to drop for third straight year
Wilton’s tax assessor recommended lowering the mil rate from $20.35 to $20. Residents in Maine’s homestead exemption program can expect additional relief as well.