Under the program designed to help seniors age in place, the state will pay property taxes for those 65 and older who qualify and agree to give the state a lien on their property for eventual repayment.
property taxes
Posted inBusiness, Maine
Revaluation has Portland landlords bracing for tax hikes, eyeing higher rents
Under a new ordinance, landlords will need approval from a city board to raise rents to help offset any property tax increases.
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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 inMaine, News
Revaluation notices go out to Portland property owners
Some home assessments are expected to increase substantially, although owners can request an informal appeal.
Posted inMaine, News
Portland residents brace for new home values
Some longtime homeowners in neighborhoods like the East End fear they may not be able to live with the higher taxes that result.
Posted inTimes Record
Bath could see tax increase from settlement deal with BIW
The city agreed to reduce the shipyard’s valuation from $640 million to $509 million, lowering the city’s overall valuation, causing the tax rate to increase.
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 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.