Town of Phippsburg 2012 Annual Report
Town of Phippsburg 2012 Annual Report
Town of Phippsburg 2012 Annual Report
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TOWN OF PHIPPSBURG<br />
Assessing Agent’s <strong>Report</strong><br />
Between April 1, 2011 and April 1, <strong>2012</strong> the value <strong>of</strong> property in <strong>Phippsburg</strong> decreased by<br />
$11,300,000.00 (1.82%) as calculated for State Valuation placement, reflecting the statistical<br />
trend exhibited throughout Sagadahoc County. Unexpected revision to the funding formula applied<br />
by Regional School Unit 1 was the largest single contributor to a mill rate increase from<br />
7.60 to 7.75. As this report is compiled an unprecedented level <strong>of</strong> single year revisions to<br />
Maine’s tax code structure is under review and discussion in Augusta and the resulting impact<br />
on this year’s upcoming mill rate is unpredictable.<br />
Maine Revenue Services second annual audit <strong>of</strong> sales since the completion <strong>of</strong> the revaluation<br />
that took effect April 1, 2010 was based on a pool <strong>of</strong> 28 sales occurring between July 2010<br />
and June 2011. The weighted average <strong>of</strong> those sales was 98% with an average deviation <strong>of</strong> 10<br />
and the average ratio <strong>of</strong> assessed value divided by sales price was 101%. The average selling<br />
price <strong>of</strong> <strong>Phippsburg</strong> residential properties was $282,000.<br />
It is the nature <strong>of</strong> the assessing function to be in constant evolution and taxpayers are encouraged<br />
to contact the Assessing Agent with questions. The town web site contains all property<br />
tax cards, along with tax maps, a link to aerial photos and other detailed information. Office<br />
counter books containing summary documents ease identification <strong>of</strong> recent neighborhood sales,<br />
contain the MRS annual audits and support review <strong>of</strong> abatement / supplemental tax warrant activity.<br />
The books are on the public shelves above the tax maps and all are welcome to stop by<br />
to review information.<br />
Respectfully submitted,<br />
Juanita C. Wilson Hennessey, IFA, CMA<br />
Contract Assessing Agent<br />
For the <strong>Town</strong> <strong>of</strong> <strong>Phippsburg</strong> Elected Assessors<br />
Assessment Review Board <strong>Report</strong><br />
The Assessment Review Board did not meet in 2013.<br />
Respectfully submitted,<br />
Michael W. Rice, Chair<br />
(L)<br />
Mike Rice, Chair <strong>of</strong><br />
the Assessment<br />
Review Board, at<br />
Candidates Night<br />
(R)<br />
Excited kids<br />
waiting for Santa at<br />
the <strong>2012</strong> Christmas<br />
Open House<br />
95
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