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The Maine Land Bank and Community Preservation Program
would let property owners limit assessment increases as long
as they agree to keep their properties within their families
and not sell on the open market. If they sold, they would be
hit with huge penalties that - in theory - would offset any
municipal revenue losses.
Opponents say that the penalties would not be enough to
offset the loss of revenue to municipalities and other land
owners would have the burden. Other opponents say wealthy
vacation-home owners will receive the most benefit from the
plan.
Maine Land Bank and Community Preservation
Program and Maine Citizens for Tax Reform &
Reliefare advocates of the plan.
Recent stories and columns
about this proposal:
Tension
over taxes
Some see a plan to cap
property assessments as a way to save island communities in
Maine. Otherssee trouble for small towns.
[April 27, 2003]
Coastal
residents appeal for tax relief
Lawmakers hear arguments over 'the Chebeague
plan,' which would limit taxes for those who keep property in
the family. [April 16,
2003]
Jim
Brunelle: Tax
reform ideas abound, including some from grassroots
Among the best ones is the
'Chebeague plan' for tax deferral on high-value property. [April 11, 2003]
Tax
reform activists aim straight for voters
Three citizen-initiated referendums are likely
to vie for attention on the 2003 ballot.
[December 29, 2002]
Tax
reform: Not whether, but how
Proposals for property tax caps and tax shifts
in many guises are headed for the Legislature as the people
demand action. [December 29,
2002]
Chebeague
Island tax rebellion is just a hint of things to come
A
tax cap can be avoided, but only if lawmakers offer real
reforms. [July 24, 2002]
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