Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why does Maine have Municipal Property Tax Levy Limits?

levy limits Maine municipal
0
Posted

Why does Maine have Municipal Property Tax Levy Limits?

0

In 2005, the Maine Legislature and Governor John E. Baldacci set a goal of lowering Maine’s state and local tax burden ranking to the middle one-third of states by 2015. To achieve this, they created Municipal Property Tax Levy Limits, as well as limits on county assessments, school funding, and state General Fund appropriations. If Maine’s government spending and taxes increase at a slower rate than other states, Maine’s tax burden ranking will fall.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123