"Cover Story" piece on the curious way that the City of Portland figures its pro
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"Cover Story" piece on the curious way that the City of Portland figures its property tax bills. Despite three increases in the city's property mil rate over the past three years, the last city-wide property assessment was done in 1992 when values were historically low. Because the long delay in reassessment spans a period of record-high real estate sales, the inequities in Portland property taxes are mind-boggling. Making matters worse, 20 percent of the city's assessment is tax-free. The Roman Catholic Diocese of Portland owns more than $40 million in property, while Maine Medical Center and its subsidiaries own more than $160 million in property, all of which is tax-free. With a list of property values and taxes of Portland's city council members, city manager and tax assessor, and Old Port property baron Joseph Soley.
Mayhew, Clemmer III, ""Cover Story" piece on the curious way that the City of Portland figures its pro" (2002). Maine News Index – Casco Bay Weekly. 4965.