The last revaluation was a statistical revaluation that was conducted three years ago. The new revaluation is based on market values as of Dec. 31, 2020.
The most recent revaluation was supposed to be a full revaluation with inside inspections of properties, but the COVID-19 pandemic changed how the company could complete the project of assessing all 8,429 parcels in town.
Inside visits were halted in March 2020 when the pandemic forced lockdowns.
Data verification letters were instead sent to property owners who were asked to verify the information the town has on file for the property, such as the number of bedrooms, and other features. Data collectors did, however, measure the outside of all buildings to compare the measurements to those on file with the town.
What’s it worth? Tiverton paying to have power plant appraised
Marcia Pobzeznik
TIVERTON Tiverton and Rumford, Maine, a small town of 5,800 residents in the foothills of the western part of the Pine Tree state, are going through the same process right now: figuring out how to tax one of their biggest taxpayers going forward.
The two towns are home to Tiverton Power and Rumford Power, natural gas-fired electric generating plants that were built about the same time by the same company some two decades ago. Both towns entered into 20-year agreements with the original owners, in lieu of taxes. Tiverton’s tax treaty expired at the end of 2020; Rumford’s tax increment financing agreement is due to expire this March, but a new one has been negotiated and will be put to Rumford voters on Feb. 24, said Rumford Town Manager Stacy Carter.