JAY — Androscoggin Hydro, a subsidiary of Eagle Creek Renewable Energy based in New Jersey, has filed a tax abatement request for 2017 for its two hydroelectric facilities on the Androscoggin River. Eagle Creek bought four hydroelectric facilities from Verso Corp. in January 2016 for nearly $62 million. The other facilities are in Livermore and […]
tax abatement
Posted inFranklin
Jay sets interest rate on delinquent taxes, denies property abatement
JAY — Selectpersons voted unanimously Monday to keep the rate of interest on delinquent taxes at 7 percent. The state raised the maximum interest rate that could be charged to 8 percent this year. It had been 7 percent since 2010. Jay has kept the rate at 7 percent for several years, Town Manager Shiloh […]
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Posted inFranklin, Livermore Falls Advertiser
Jay grants Verso a tax abatement for 2015, reduces value of property
JAY — The Board of Assessors voted unanimously Thursday to reduce the valuation of Verso Androscoggin’s paper mill and associated property from $572.7 million to $424.3 million for the 2015 tax year. The board also granted the company a tax abatement of $886,157, Town Manager Shiloh LaFreniere wrote in an email. The abated amount will […]
Posted inFranklin, Livermore Falls Advertiser
Verso requests tax abatement for 2015
JAY — Verso Androscoggin LLC and Andro Hydro LLC filed a joint application for an abatement of property taxes for tax year 2015. The companies claim the valuation of the paper mill, associated property and hydroelectric facilities should be reduced by at least $296.99 million, collectively. The town valued the real estate and personal property […]
Posted inFranklin, Livermore Falls Advertiser
Jay board to base decision on Verso’s second tax appeal on record
JAY — The Board of Assessment Review will use submitted material and the record to make a decision on Verso Androscoggin LLC’s appeal of selectpersons’ denial of a tax abatement for the 2014 tax year. No public hearing will be held on the appeal application unless one of the parties requests it, Town Manager Shiloh […]
Posted inFranklin
Jay assessors deny second Verso tax abatement request
JAY — Jay selectpersons voted Monday to deny a tax abatement to Verso Androscoggin LLC for the April 1, 2014, tax year. The company had requested a reduction of at least $193.78 million in valuation for its mill and associated property. Verso’s abatement application states the mill and properties should be valued no higher than […]
Posted inBusiness, Franklin
Verso files second tax abatement request on paper mill property in two years in Jay
JAY — Verso Androscoggin is requesting the town issue a tax abatement for the April 1, 2014, tax year for a reduction of at least $193.78 million in valuation. Verso’s abatement application states the mill and properties should be valued no higher than $400 million. It is the second year in a row that the […]
Posted inAdvertiser Democrat, Business, Franklin
Verso appeals Jay’s 2013 tax abatement decision, claims town discriminated
JAY — Verso Androscoggin LLC filed an appeal Friday afternoon with the town, claiming that the $829,258 tax abatement selectpersons granted for the 2013 tax year is wrong and unlawful. Verso claims the property remains substantially overvalued. Jay selectpersons reduced the valuation of Verso’s property from $815.4 million to $591.9 million for the 2013 tax […]
Posted inFranklin
Weld selectmen grant extension to campground owners in tax abatement appeal
WELD — Selectmen voted Monday to grant an extension to Dummer Camps Inc. on an appeal President Carolina Gail Shreve filed with the Franklin County commissioners on a personal property tax abatement, according to Board of Selectmen Chairman Tom Skolfield. The Weld board denied Shreve’s abatement request in October 2014. The personal property tax abatement […]
Posted inAdvertiser Democrat, Franklin
Jay board grants Verso Paper $829,258 abatment in taxes
JAY — Selectpersons unanimously voted Tuesday to reduce the valuation of Verso Paper Corp.’s Androscoggin Mill and its property from $815 million to $591.9 million for 2013 and granted the company an $829,258 tax abatement for that year. The action followed nearly an hourlong executive session with the town’s attorney, Michael “Mike” Sheehan, of Preti […]