Auburn announces zero increase to mill rate   City of Auburn, Maine. Upcoming Events   NEWS FROM AUBURN, MAINE   AUBURN ANNOUNCES ZERO INCREASE TO MILL RATE The City of Auburn’s assessor has set the tax rate for the next year and there will be no increase to the mill rate for Auburn property taxpayers. Local property taxes are calculated by multiplying a property’s assessed value (which is different from its appraised value and market value) by the city’s mill rate, which is set on an annual basis. “This is a meaningful accomplishment,” said City Manager Phil Crowell. “And it’s a direct result of good growth combined with the hard work of our staff and our city council, both of whom are deeply committed to controlling costs. Last year, the city did a valuation adjustment to single-family homes. This year, a valuation adjustment was made to multi-family units in order to keep up with growing value in the housing market. “Auburn has finally stopped mill rate increases this year,” said Mayor Jason Levesque. “We will continue to focus on growth and new commercial, industrial, and residential development, which has led to stability this year, and hopefully in the years to come. I suspect we are the only Maine municipality without a mill rate increase this year, and that is something to be proud of.” “It gives me great pleasure to report there will be no increase in the mil rate for the 2023 tax year,” said City Assessor Karen Scammon. “This comes after a $1.07 drop in the mil rate for the 2022 tax year. Assessing staff worked diligently over the past few years to be able to accomplish this and I am extremely proud of the effort and hard work that has gone into it.” “Auburn’s overall certified ratio will remain at 93%,” added Scammon. This was accomplished through sales ratio studies and making necessary adjustments over the past three years in an effort to maintain equity and keep pace with the market. “Being able to maintain the certified ratio is extremely good news for the taxpayers,” said Scammon. “By maintaining the mil rate and certified ratio, properties that have been stabilized or properties that did not see any change in their valuation will have the same tax amount as in 2022.” By maintaining the 93% ratio the amount deducted on the tax bill for exemptions such as the Homestead Exemption, Veteran’s Exemption and Blind Exemption will remain the same.       City of Auburn 60 Court Street Auburn, Maine 04210 (207) 333-6601 Email Us   City of Auburn | 60 Court Street, Auburn, ME 04210 Unsubscribe [email protected] Constant Contact Data Notice Sent by [email protected]