Soaring home sale prices prompt Augusta to ponder property revaluation

Officials warn a revaluation, in the current market, is likely to push more of the property tax burden onto residents.

Dixfield inn subject of foreclosure likely to be total loss for homeowner

After purchasing the historic brick home on Weld Street in 2017, Ann Marie Cook and her mother, Jean Louise Cook, quickly became overwhelmed with the cost of keeping the place heated and maintained, and stopped paying their property taxes altogether a year later. Now, facing foreclosure, Ann Marie Cook says buying the building was a "humongous mistake."

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.

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.

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.

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.

Madison Paper to appeal to Maine Supreme Judicial Court latest decision on tax abatement

Twice the taxes levied by the town of Madison have been challenged and twice the town has won, but at a cost of $200,000 which will increase because of the fight in the high court.

Poland taxpayers get two more months to pay spring bill

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.

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.