The state property tax stabilization program finally ends up being a sham. I believed that if I utilized in September 2022, the city of Gorham would use the 2022 tax 12 months because the stabilized price as a result of the Maine Income Companies web site states: “The tax billed to you in your homestead will probably be frozen on the quantity you have been billed within the prior tax 12 months.” Since I utilized in September 2022, I assumed “prior 12 months” meant that both 2021 or 2022 could be my price.
Cumberland County’s evaluation, in April 2022, introduced my taxes from $4,740 to $5,938, and I obtained a invoice for this quantity. The city workplace defined that “earlier” 12 months is definitely the June 2022-July 2023 tax 12 months. Due to this fact I “stabilized” on the best tax within the historical past of the state, throughout a time of the best inflation within the nation, and based mostly on inflated property values from out-of-staters bidding up the worth of properties.
Each Mainer is aware of that when the out-of-staters understand that they are going to face the identical points right here because the metropolitan areas they left – theaters offered out months prematurely; espresso drive-thrus with a 10-plus-car wait; no parking to benefit from the eating places in Portland, and brutal winters – they are going to promote at a loss, leaving the remainder of us with extremely inflated actual property tax payments.
Consequently, I’ll be paying $1,200 extra in taxes, over $5 a gallon for heating oil, with a shrinking retirement account because the inventory market plunges.
This isn’t a very good deal for seniors, who ought to keep in mind this once they vote in November.
Kathleen Williams
Gorham
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