HomeMy WebLinkAbout1967-02-27 96-U RESOLVE96-U
Introduced by Councilor Barry, February 27, 1967
_ CITY OF BANGOR
(TITLE.) �Re80lUe,. Opposing..Pasbage of 1 8..816.
BY Am Qty Couw.il of the City ofBdsyor:
BBBDLVBD, That the Municipal Of fleece are opposed to the passage of L.D.216
for the reasons attached hereto.
Be it hereby resolved that the Bangor City Council wishes to go on record a
opposed to HP152-311216 being wart Act Relating to Ratio Evidence in Appeals for
Abatements for Property Tax" for the following reasons:
1. It sets up the assesmeant/sales ratio aecertified by the State Tax
Assessor as the assessment foundation. We believe this to be a fallacy, as the
survey is not accurate.
2. Thea element/sales audit is based upon the documentary stamps, a
affixed to the recorded deeds. This may or may not indicate the actual value of
the property. Some deeds do not have stamps, some carry only the amount of the
mortgage, soma are overstamped, etc.
3. These sales represent only a sampling of the property in a community.
Represented in these sales are family transactions, estate sales, or forced sales, etc.
4. The valuation of these propertied is determined after the sales. This
amendment, if enacted, would force assessments on a majority of the property in a
community by the amount for which the minority will sell.
5. The se5esmanort ratio is an average. Sales making up this study may range
from 50 percent to 150 percent or more of value.
6. The dispersion factor is not considered at all.
7. Survey does net consider the aspect of personal property valuation.
Personal property most be assessed at some ratio as real estate.
8. It could destroy the uniformity and equality of an assessment roll.
IM CITY COUNCIL -
Feb. 29, 1967
The ordinance requiring the Piling of
an order was suspended by the £ollowing,
yes and no vote: Councilors voting
yes: Baldaccl, Barry, Bavuntas, Brown,
Houston, MCKsy, Minsky, Porter.
COUncilorzHunt absent. This resolve
was than received and PASSED.
�TP CIPAK
aES0LVE
Copoeing Passage of LC 216
96-U