Why are values adjusted?

 

Maine Constitution

Article IX, Section 7 of Maine’s Constitution requires that we conduct a revaluation at least once every ten years. Article IX, Section 8 requires that properties be assessed according to just value. The Maine Supreme Court has consistently ruled that just value is synonymous with market value.

Townwide Revaluation

The data collection part of the revaluation has concluded. We are in the final stages of field review- you may have seen us driving around town recently. The next step is to study the sales from April 1, 2024, to March 31, 2025, at which point we will begin to update tables. The result of that will be the new property values. When this is completed, we will review the values and then send out letters to all property owners by mid-summer.  

Thank you for your continued cooperation.

Kerry Leichtman, CMA