Bar Harbor revaluation complete. Yikes!

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Chairman
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Last seen: 3 years 5 months ago
Joined: 02/14/2006 - 8:11pm
Bar Harbor revaluation complete. Yikes!

[quote]The current median sales price for non-waterfront homes is $410,000, an increase of 290 percent from 1992 assessments. After factoring in location, shore frontage and water and mountain views, the value of one acre of land in Mount Desert will be assessed at anywhere from $107,000 to $1.5 million...SNIP...While property values may go up in any town-wide revaluation, [b]that does not mean tax bills will increase by a similar amount[/b]. As the town's total assessment climbs, there is usually a corresponding drop in the mill rate charged. In any reassessment, approximately 30 percent of property owners see their taxes go up, 30 percent see the bill go down, while the remainder of the bills remain roughly level.[/quote]

Yeah, right. :roll:

[url=http://mdislander.com/site/index.php?option=com_content&task=view&id=877... HIKES, BATMAN[/url]

[size=9]edited for pesky typo.[/size]

Anonymous
Bar Harbor revaluation complete. Yikes!

LD1 Rocks Johnny :roll:

laMaine
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Last seen: 8 years 2 months ago
Joined: 05/18/2004 - 12:01am
Bar Harbor revaluation complete. Yikes!

Maybe I can find a deal next week. I'm heading up for vacation.

Is Jackson Labs hiring?

Slingblade
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Last seen: 8 years 5 days ago
Joined: 08/19/2004 - 12:01am
Bar Harbor revaluation complete. Yikes!

Yep, our Windham tax assessor promised 1/3 up, 1/3 down and 1/3 the same. I have to ask do you believe that is what happened?
I think we have a history of tax assessors being the greatest liars in this state, at least.
New evaluations came out. 70% would have an increase. The other 30% might see a decrease but those on waterfront would at least double.
It's time to have another Continental Congress.

1Maine1lostcause
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Last seen: 2 years 3 months ago
Joined: 12/06/2004 - 1:01am
Bar Harbor revaluation complete. Yikes!
Melvin Udall
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Joined: 05/01/2002 - 12:01am
Bar Harbor revaluation complete. Yikes!

You'[re missing the point with these pictures.

The issue is not current value of the property, but the potential value...just what could these seemingly ordinary homes become in the right hands?

Naran
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Last seen: 3 years 9 months ago
Joined: 10/06/2004 - 12:01am
Bar Harbor revaluation complete. Yikes!

From the article linked above:

[quote]Residents can soon expect a letter stating the new proposed value of their property, as well as an estimate of the new tax rate, according to Michael Tarello of [b]Vision Appraisal[/b] Technology. Informal hearings will be held for several weeks, during which time residents are encouraged to voice questions and concerns. A later determination will be made on whether a property should be further reviewed.[/quote]

This is the same outfit that did Kennebunk's first reval in 25 years. There were errors galore, and lots of people who did subsequently get adjustments in the first phase of the reval, the "informal hearings." I did, and I know others who did as well.

Better check those property cards, folks, as well as what your immediate, comparable neighbors are now assessed at. If it were me, and Vision came here again, I would certainly sign up for the informal hearing, just to make sure their basic information was correct on my property.

Steven Scharf
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Last seen: 7 years 1 month ago
Joined: 01/28/2002 - 1:01am
Bar Harbor revaluation complete. Yikes!

Most speculative builders/buyers would prefer those lots. No house to remove, just some debris. IE. land will sell for more per acre sans structures (I don't consider those to be structures).

Land is more important.

Steven Scharf
SCSMedia@aol.com

Calvin
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Last seen: 2 weeks 6 days ago
Joined: 05/15/2001 - 12:01am
Bar Harbor revaluation complete. Yikes!

Another point that seems to be missed here (maybe two points) when the valuation goes up, the State subsidy goes down.
Also, when the towns re-adjust to State values, the State also ups their valuation. Kind of like the carrot before the donkey.

D

Jack Wibby
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Last seen: 4 years 7 months ago
Joined: 01/30/2004 - 1:01am
Potential Value

This is a great system - imposed in the early 19th century. Those who own valuable property, as determined by someone driving by, are assumed to be wealthy.

Driving to Bar Harbor on Route 3 recently I noticed bumper-to-bumper traffic leaving the Island in the late afternoon. It was pointed out to me later that day that many natives of MDI continue to work there but can longer live there because of the taxes.

But, since all municipal spending is funded through property taxes, and muni spending increases every year everywhere, then what can we expect?

Jack

JIMV
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Last seen: 6 years 11 months ago
Joined: 03/22/2005 - 1:01am
Bar Harbor revaluation complete. Yikes!

[quote="Melvin Udall"]You'[re missing the point with these pictures.

The issue is not current value of the property, but the potential value...just what could these seemingly ordinary homes become in the right hands?[/quote]

Wait until they want to steal them under eminent domain...that 'potential value' becomes fair market value after they have rezoned the area to make the fair market value zero.

1Maine1lostcause
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Last seen: 2 years 3 months ago
Joined: 12/06/2004 - 1:01am
Bar Harbor revaluation complete. Yikes!

If the town is basing taxes on "potential" value, would it not be a good idea for the citzens affected to file suit against the municipality.

Mike Beardsley
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Last seen: 7 months 2 weeks ago
Joined: 01/26/2005 - 1:01am
Bar Harbor revaluation complete. Yikes!

Several of my co-workers had their taxes based on these new valuations increase 2 & 3 times. The question is what will the town do with the extra revenue? My bet is they figure out a way to spend all of it. :?

Cigarsmoker
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Last seen: 4 years 9 months ago
Joined: 03/17/2004 - 1:01am
Bar Harbor revaluation complete. Yikes!

Not just Bah hahbah......

My property taxes in Bangor went up 35% from last year. 35%!!!! in one year.

Naran
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Last seen: 3 years 9 months ago
Joined: 10/06/2004 - 12:01am
Bar Harbor revaluation complete. Yikes!

[quote][b]Bar Harbor seeks owners of rent homes[/b]
By Bill Trotter
Tuesday, June 26, 2007 - Bangor Daily News

BAR HARBOR — Nearly 200 local property owners who rent out houses by the week during the warm months have complied with a town requirement to have those houses inspected, according to town officials.

But there may be as many as 100 more weekly rental properties that have not been issued the required license by the town.[/quote]

[url=http://www.bangordailynews.com/news/t/hancock.aspx?articleid=151419&zone... much is the license?[/url]

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