The Town Assessor’s Office is responsible for discovering, listing, equalizing and valuing all real estate within the Town of North Yarmouth for the purpose of taxation. These duties and responsibilities are completed annually and must comply with Maine Taxation Statutes. Discovery is accomplished by reviewing deeds, surveys, subdivision plans, mailing of taxpayer list declaration forms, building permits, etc. Site inspections for new permits and verification of current data is important to the determination of value. Data entry of all property changes of ownership and/or value is required for the preparation of the tax roll. The tax roll is then committed to the Tax Collector for collection of taxes to raise funds for the budgets approved by School Board and Select Board.
The Assessor’s Office is also a clearinghouse of information for property owners, title companies, real estate brokers, attorneys and appraisers, as well as other Town departments. It maintains historical and current data on each property, such as ownership, parcel boundaries, land and structure inventories, property characteristics and exemptions for institutions and individuals such as veterans, blind and homestead.
Real Estate and Personal Property Taxes: The assessment date for the State of Maine is April 1st of each year. The Assessor sets the annual tax rate in July and tax bills are issued in August.
- Fiscal Year: July 1st - June 30th
- Asessment: 100%
- Taxes Due: September 15th, December 15th, March 15th and June 15th
- Interest: 9% annually starting September 16th, December 16th, March 16th and June 16th
- Current Tax Rate: $16.62
Payment of any amount is accepted toward taxes that have not been foreclosed. When payments are made on overdue taxes, any interest due is deducted first with any remainder going toward the actual tax owed. When more than one year’s taxes are due, any payment made is applied to the oldest balance first. If taxes are current, payment toward the following year’s taxes is accepted up to the amount of the last bill issued.
Tax bills are not mailed directly to mortgage holders. They are mailed to the property owner only. It is the responsibility of the property owner to forward a copy if it is required by the mortgage holder.