Farmington town leaders say an accounting error and a time crunch led to an error that created a $2.3 million budget shortfall. Lisbon residents are facing a potentially massive property tax increase. For more on this story, visit: CBS13
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What are property taxes? Prior years: · Tax rate for 24-25 year = $24.25 (certified ratio: 70%) · Tax rate for 23-24 year = $21.50 (certified ratio: 85%) · (certified ratio: 95%).
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Portland property revaluation leads to lower mil rate but higher taxes for many homeowners Maine legislative leaders are debating a 3 percent tax surcharge to fund public education. Subscribe to WMTW on YouTube now
Who Pays Tax on a Gift? Homeowners across Maine left shocked at sudden property tax spike There is sticker shock in Yarmouth after homeowners received revaluation notices. The new numbers have some upset about
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Are you an aspiring real estate agent preparing for the big exam? Property tax questions got you feeling overwhelmed? Municipalities break down the changes as several towns adjust outdated property tax rates and rising town budgets. Most seniors in Maine wouldn't have to pay property taxes if a Republican proposal is passed at the State House. For more on this
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Big Changes Coming To Maine Tax Law In this video, I cover the Section 121 Gain on Sale of Home Exclusion and answer the following questions: 1. How can you avoid Property tax rates in Maine are well above the U.S. average. The state's average effective property tax rate is 1.17%, while the national average is currently
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In a separate ranking of property tax burdens, Maine holds the dubious distinction of being No. 1, with homeowners paying an average of 4.86% of Tax Benefits with Rental Depreciation 🏡💰
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How to appeal your real estate property tax assessments. CPA Michael Pagan of Stinson and Associates talks to Josh Holt of RE/MAX Coast To Coast about some of the tax implications of Towns and cities are warning older Mainers that they are going to need to look for something else to ease the burden.
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Maine has 4th-highest taxes in US, and ranks No. 1 for property tax The City Council approved the FY26 municipal budget on Jwith a combined city and school tax rate increase of 6.9%. Email: info@portlandmaine.gov
Assessor's Department | Lewiston, ME - Official Website Maine also has a 5.50 percent state sales tax rate and does not have local sales taxes. Maine has a 0.94 percent effective property tax rate on owner-occupied Property values across the state have increased, making property taxes soar, but home values aren't the only reason behind the
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