May 27, 2018
News Latest News | Poll Questions | Memorial Day | Long Creek | Susan Rice

Greenville property tax rate remains the same as last year

By Diana Bowley, BDN Staff

GREENVILLE, Maine — Greenville property owners will receive their tax bills next week which will reflect the same mill rate as last year.

Selectmen on Wednesday voted to set the mill rate at $11.50 per $1,000 of property value.

“‘We had enough growth in new construction to offset the very modest increase that we had predicted [in the mill rate] at town meeting,” Greenville Town Manager John Simko said Friday.

Town officials in June had predicted the town would need a mill rate of $11.62 per $1,000 valuation based on a flat valuation, as a worst-case scenario, according to Simko.

The town, however, has added about $6 million in new value. Of that, about $4.5 million came from new growth, mostly around Moosehead Lake, and the rest from the Maine Legislature’s change in the Homestead Exemption, Simko said.

The Legislature reduced the Homestead Exemption from $13,000 to $10,000, half of which is reimbursed to municipalities and the other half is made up by the towns through the valuation, Simko explained.

Despite the same mill rate, Simko said those residents who receive a Homestead Exemption will see an increase of $34.50 because of the state change.

Simko said the town’s mill rate has remained pretty stable over the past five years. The tax rate remained at $10.60 for two years, increased to $11.20, and since has remained at $11.50.

“‘That means the mill rate has only grown by 90 cents [over five years],” he said. “‘So we haven’t gone up, increased or changed by a full mill as yet, which I think is exceptional,” Simko said.

Have feedback? Want to know more? Send us ideas for follow-up stories.

You may also like