| 122nd MAINE LEGISLATURE | |||||||||
| LD 1563 | LR 0568(02) | ||||||||
| An Act to Amend the Revaluation Process by Municipalities | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Taxation | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $300,000 | $315,000 | $330,750 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $300,000 | $315,000 | $330,750 | |||||
| State Mandate | |||||||||
| New or Expanded Activity | Unit Affected | Costs | |||||||
| Requires municipal assessors to revalue the entire assessing area before going back and revaluing just one portion of the area | Municipality | Significant | |||||||
| Fiscal Detail and Notes | |||||||||
| Appropriations are included in the bill to fund 90% of the cost of the mandated provisions. | |||||||||