The state Board of Property Tax Review recently ruled in favor of Bath Iron Work
The state Board of Property Tax Review recently ruled in favor of Bath Iron Works (BIW) in the shipbuilder's dispute with the city of Bath over property taxes, slashing BIW's valuation from $207 million to $107 million, a devaluation which could result in a 23 percent tax increase for the average local homeowner. Yarmouth, facing a similar dispute with Central Maine Power Co. over the utility's Cousin's Island power plant, has chosen to negotiate a new value and plan for the resulting change. Both cases highlight the problems of municipalities that rely on a single industry for a large part of their property taxes. Details.
Taxation Property tax
Beem, Edgar Allen, "The state Board of Property Tax Review recently ruled in favor of Bath Iron Work" (1994). Maine News Index – Maine Times. 534.
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