The Property Tax Division is divided into two units:
Our division is responsible for the determination of the annual equalized full value (state valuation) for the 487 incorporated municipalities as well as for the unorganized territory. The state valuation is a basis for the allocation of money appropriated for state general purpose aid for education, state revenue sharing, and for county assessments.
We administer the real estate transfer tax, commercial forestry excise tax, controlling interest transfer tax, and telecommunications business equipment tax and we determine annually the amount of tax reimbursement to each town for veteran, homestead, and animal waste facility exemptions, and tree growth tax loss reimbursement.
Our office is also staffed to administer and oversee the property tax administration in the unorganized territory.
Property Tax Educational Programs
- Maine Property Tax Institute - May 2018
- Maine Property Tax School - July 30 - August 3, 2018
- IAAO Course 101 - October 29 - November 2, 2018
The Fundamentals of Real Property Appraisal is designed to provide the students with an understanding and working knowledge of the procedures and techniques required to estimate the market value of vacant and improved properties. This course concentrates on the skills necessary for estimating the market value of properties using two approaches to value: the cost approach and the sales comparison approach. The Fundamentals of Real Property Appraisal utilizes lectures, classroom discussion, and homework problems to emphasize the main concepts and procedures taught in the course.
- Wednesday, November 7, Augusta
- Next exam: February, 2019, Augusta
State Property Tax Fairness Credit (Income Tax Division)