How to Understand Maine’s System for Real Estate Assessment

Authors

N. Joel Moser

Source

Mainebiz

Date

3-23-2015

Pages

29

Abstract

N. Joel Moser, co-chair of the property-tax-and-valuation team at the Portland Law Firm of Bernstein Shur writes about what to do if one is to receive a tax assessor’s request for additional information, or a Section 706 request. Recent changes in the law have made it less of a burden than it has been in the past. The Maine Legislature has specified the taxpayer now has a defined number of days (30) from receipt of a Section 706 to respond to the tax assessor, and an amendment to the law provides new protection for requested information that a taxpayer may consider to be confidential or proprietary. Moser also suggests to view the request as a strategically important business tool and an economic development necessity.

Subjects

Taxation--Law and legislation

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