SKOWHEGAN (AP) — The owners of a Skowhegan paper mill say a recent $104 million assessment revaluation by the town doesn’t go far enough.
The Morning Sentinel reports Sappi Fine Paper North America executives still believe the bill is overvalued by the town at $463 million. The mill is the town’s largest taxpayer. The drop in valuation resulted in the town raising its tax rate by about five percent. Sappi paid $9.3 million in taxes last year.
Sappi spokesman Mark Hittie says the company is reviewing the outcome of Monday’s revaluation by the town. He says the firm is “hopeful that an appropriate settlement can be reached to address the overvaluation” of the mill.
Hittie says the mill needs a lower valuation to complete in a troubled paper industry.
The Times Record Sustaining Sponsor
We believe a community must be informed to thrive. bowdoin.edu
Comments are not available on this story. Read more about why we allow commenting on some stories and not on others.
We believe it's important to offer commenting on certain stories as a benefit to our readers. At its best, our comments sections can be a productive platform for readers to engage with our journalism, offer thoughts on coverage and issues, and drive conversation in a respectful, solutions-based way. It's a form of open discourse that can be useful to our community, public officials, journalists and others.
We do not enable comments on everything — exceptions include most crime stories, and coverage involving personal tragedy or sensitive issues that invite personal attacks instead of thoughtful discussion.
You can read more here about our commenting policy and terms of use. More information is also found on our FAQs.
Show less