| Town
of Lamoine, Maine |
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| Produced and
Maintained by the Lamoine Town Office |
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(Lamoine) — Despite spending increases approved at town meeting, the
tax rate for 2004/05 should remain around 14-mills. A couple of things contribute
to stable tax rate.
The biggest factor should be new construction and valuation. The construction
boom is still under way, and the Board of Assessors should be able to find
a significant increase in taxable value as of April 1st. The initial projection
on the tax rate used the same average rate of valuation increase as in previous
years (around 3% or 3.2 million dollars). Town meeting voters also agreed
to used $75,000 from the town’s surplus account to offset property taxes.