Get Ready For a Tax Revolt in Auburn, ME
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More than half of all property owners could see values rise 50 percent, based on a citywide revaluation.
That will mean tax increases of as much as $2,000 for some, but officials are warning that it's too early to begin figuring tax bills.
Well, since by law they can only collect the same total amount of tax revenues as before, they have no choice but to adjust the mill rate.
What law, Naran???? I have seen revaluation after revaluation reported on, and in every case, there is a windfall revenue increase to the town. You know, valuations up 70%, mil rate down 35%. Net result, revenue increase.
Are you sure such a law exists? If it does, it's news to me.
Yes, there is. Ask your town assessor. They can only raise the total budgetary amount voted in at the last town meeting or election. It supposedly works out the same, once the overlay allowed for the inevitable abatements and adjustments is figured in.
Sorry, but I do not believe that for a minite. They revalue, play with the mill ratte and roll in the next years tax increase all resulting in more money for the government, always.
LD1 does it again :shock:
Well, since by law they can only collect the same total amount of tax revenues as before, they have no choice but to adjust the mill rate.
hahahahahahahah
that was a good one!
We need to pay for new police cruisers every year, snow plows, and other boondoggles.
You're getting bogged down in the mathematics people. The key is SPENDNG.
The tas requirement equals the amount of spending. That amount is arrived at by multiplying the total town property value by the mill rate. In order to make the govenment look good the objective is to keep down the mill rate so the town can say we are not raising taxes. In order to get more money to spend and keep the mill rate stable, raise the property values. Brunswick has been doing this for years but the actual tax burden increases every year.
The same is true in most towns.
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surely they will adjust the mill rate to reflect the new valuations.....surely they will.