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Article: All gain but no pain for vacation homes? ; The tax cap: Critics say it could help summer-home owners, who would suffer little if services dwindle.
- Article from:
- Portland Press Herald (Portland, ME)
- Article date:
- July 4, 2004
- Author:
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MARK PETERS Staff Writer
Portland Press Herald (Maine)
07-04-2004
All gain but no pain for vacation homes? ; The tax cap: Critics say it could help summer-home owners, who would suffer little if services dwindle.
Byline: MARK PETERS Staff Writer
Edition: Final
Section: FRONT
Memo: PROPERTY TAX CAP MAINERS WILL VOTE Nov. 2 on a citizen proposal to cap property taxes. It was initiated by the Maine Taxpayers Action Network. THE QUESTION WILL READ "Do you want to limit property taxes to 1 percent of the assessed value of the property?" IF APPROVED , the cap would limit property taxes to $10 per $1,000 of assessed valuation, based on the assessed value in 1996-97. HERE'S HOW IT WOULD WORK: Under ...
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