The property tax is an ad valorem tax meaning it’s based solely upon value regardless of one’s ability to pay.
The City Assessor is responsible for discovering, listing, and valuing all property in the municipality.
The City Assessor’s primary function is to make sure that the tax burden is distributed equally amongst all property owners so no taxpayer(s) is required to pay more or less than their fair share of the tax burden. (Article IX, Section 8, Maine Constitution)
While employed by the municipality, the Municipal Assessor is an Agent of the State and falls under the general supervision of the State Tax Assessor in the administration of assessment and taxation laws of the State of Maine. (MRSA Title 36 § 201)
Valuation reviews and updates allow the Assessor to maintain equitable assessments. A revaluation is revenue neutral and is simply a redistribution of the tax burden.
The City Council adopts the annual budget based on projected revenues and expenditures. The Assessor determines the City’s total taxable valuation each year. The tax rate is calculated by dividing the Council Adopted Budget by the City’s Total Taxable Valuation.