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Town of Falmouth, Maine
271 Falmouth Road
Falmouth, ME 04105
town@town.falmouth.me.us
(207) 781-5253

 
May 30 Agenda Item 8
Attachments:
Attachment NameAttachment SizeAttachment Date
Size: 389K
Last Updated: 2012/5/23
Size: 612K
Last Updated: 2012/5/23
Size: 818K
Last Updated: 2012/5/23
Subject:
Order to approve the supplemental appropriation of $40,500.00 to finance the abated property taxes resulting from the valuation reductions granted by the Assessor in excess of the FY 11/12 overlay of $3,650.40.

ACTION: Council Action is anticipated.
Summary:
For the 2011 (11/12FY) assessment year, the increase in taxable valuation was $21,290,500; just $290,500, more than the $21M estimate, leaving less than $4,000 for overlay.

A memo from Town Assessor, Anne Gregory, a chart and a spreadsheet  detailing the history of the overlay and abatements are attached.

 

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