7578-R1_ML&P_Hollis_2019-2020_AnnualReport_Web

Town of Hollis 34 Town Farm Road Hollis, ME 04042 Telephone (207) 929-8552 www.hollismaine.org

ASSESSING

Debra A. Stitson

OFFICE

Assessor

REPORT FOR FISCAL YEAR

JULY 1, 2019 TO JUNE 30, 2020

Taxes for the 2019-20 fiscal year were committed on October 18, 2019. The tax rate was $13.75 per thousand dollars of value. Total appropriations for the 2018-19 Fiscal Year were as follows: County Tax $ 260,204.31 Municipal Appropriations $3,343,422.00 TIF Financing Plan $1,486,139.72 Local Education Appropriation $4,501,183.48 Overlay $ 33,606.12 Total Appropriations $9,590,949.51 Although Municipal Appropriations were reduced by over $27,000 from the previous year, the property tax rate rose by $0.50 per thousand dollars of assessed value. Two major factors caused this. The first was a combined increase in both the County Tax and the Education Appropriation totaling approximately $250,000. The second component was an estimated $50,000 reduction in anticipated revenues caused by a change Maine Revenue Services has made in the formula it uses to calculate the Business Equipment Tax Exemption reimbursement the Town receives from the State. Covid-19 has touched all of us, both personally and professionally. For those of you who have been affected personally, I would like to express my sincerest sympathy as my family and I have also been negatively impacted. Professionally, it has made things very challenging for me as I’m sure it has for you as well. The Town of Hollis is extremely fortunate to have such a dedicated, hardworking, and flexible staff who work so well together to take care of the Town and its residents during this time of upheaval. I appreciate each of them every day. Another disruption caused by the complications of Covid-19 was the revaluation was unable to be completed for April 1, 2020 yielding much additional and unanticipated work in the Assessing Office on top of the extra activities which were already being completed for the revaluation. However, it is currently on schedule to be completed effective April 1, 2021. Bartlett Assessing Services will be communicating with property owners so that you may review the data and valuations and share any concerns or correct any errors prior to the 2021-22 tax commitment. As always, please feel free to contact me if you have any questions or concerns regarding the assessment of your property. I am happy to answer any question you may have. Respectfully,

Debra A. Stitson, C.M.A.

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