RATIO DECLARATION & REIMBURSEMENT APPLICATION
Municipality of : EASTPORT County of: WASHINGTON
Developed Parcel Ratio: 67%
Filing Deadline: June 1, 2005
SECTION A: DECLARATION OF CERTIFIED RATIO
The local assessor(s) must multiply the amount of the exemption by the appropriate ratio of current just value. Ideally, the ratio certified by local assessors should reasonably agree with the overall assessment ration for developed parcels (residential property) determined by Maine Revenues Services in its annual audit conducted for the purpose of determining the state valuation. Of the following boxes, please check the one which is most appropriate for your municipality for the 2005 tax year:
X We will use the developed parcel ratio determined by Maine Revenue Services of 67% as our declared certified ratio. The developed parcel ratio is a direct finding and final result of Maine Revenue Services' audit of 2003 local valuation for residential property.
We will use the municipality's declared 2005 certified ratio to adjust the
amount of local homestead exemption. The certified ratio declared is within
10% of the developed parcel ratio (between 60.3% and 73.7%) last
determined by Maine Revenue Services; or
A total revaluation is to be implemented for the 2005 tax year.
A partial revaluation is to be implemented for the 2005 tax year (please
attached appropriate documentation)
More current sales information is available which justifies a higher ratio
Other__________________________________________________
SECTION B: HOMESTEAD PROPERTY TAX EXEMPTION INFORMATION
The total number of homestead exemptions granted (actual or estimated) # 461
We plan to use the following Certified Ratio to adjust the full just value
exemptions: % 73 (see Section A above)
The 2005 (or estimated) municipal tax rate is .0332 mils. (NOTE: If the local tax
commitment is not final for 2005, use the 2004 local tax rate or an estimated
rate.)
The actual number of new homestead applications processed this year. # +24 & -24
SECTION C: ASSESSOR'S SIGNATURES
___CARL YOUNG__________/____ELLA KOWAL___/__MELINDA KRESTEL
DATE ____25 MAY 2005____
Contact Person:_____Carl Young______ Phone # ___207_853-2300________
Please complete and return to: Property Tax Division
Attn: Jeff Kendall
P O Box 9106, Augusta, ME 04332-9106
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