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.
property taxes
Posted inNorthern Forecaster
Yarmouth budget proposal includes 10% increase
If passed, the 2020-21 plan could add $1.49 to the current property tax rate of $18.86.
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Posted inNorthern Forecaster
Falmouth facing budget hurdles in efforts to stabilize tax rate
New school and municipal needs represent challenges, council told.
Posted inBusiness, Local & State
Wex gets $2.25 million tax break from Scarborough for expansion plan
A majority of the Town Council agrees that Wex will broaden the tax base and be a great addition to the community.
Posted inEditorials, Opinion
Our View: Time for Maine Legislature to shine light on ‘dark store theory’
Lawmakers should address a property-tax loophole that favors big-box retailers.
Posted inBusiness, Local & State, News, Politics
Report questions effectiveness of Maine tax incentive programs
Maine’s business equipment tax reimbursement and exemption programs are costly for municipalities and don’t appear to be effective at getting businesses to invest more in new equipment.
Posted inThe Forecaster
South Portland residents urged to review property cards
SOUTH PORTLAND — As the city prepares to revaluate all real estate property values for 2020, the Assessor’s Office is asking property owners to review their information on the assessor’s database and to correct any errors or omissions. Go online to gis.vgsi.com/southportlandme and then choose the “Enter Online Database” option. Residents can search for their […]
Posted inBusiness, Local & State, News, Times Record
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 inThe Forecaster
Senior tax relief program opens soon
PORTLAND — The city will soon begin accepting Portland Senior Tax Equity Program applications. The City Council started Portland Senior Tax Equity Program (P-Step) in 2017 to provide tax relief to qualified low-income seniors through property tax or rent rebates of up to $900. To qualify, applicants must be 62 or older with a homestead […]
Posted inBusiness, Local & State, News, Times Record
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.