Maine unorganized territory residents stunned by property value hikes

Maine unorganized territory residents stunned by property value hikes

Property owners in the state’s unorganized territory were shocked when they recently got word from the state revenue services that their home and land values had increased, in some cases more than doubling. For the territory’s residents, that has raised concern about potentially large property tax hikes later this year. At the end of April, the state revenue services mailed a “Notification of Valuation Adjustment Letter” informing owners that th…