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Assessing official: Skowhegan residential market values have roughly doubled since 2020; mill rate will mediate tax impacts
Summary
Town assessor Brent Martin told the Select Board that median residential sale prices rose from about $124,000 to more than $250,000 since 2020. He said assessed values must track market values, and the board of assessors and the mill rate will determine the final tax impacts.
Brent Martin, who has been doing assessing work for the town for about a year and a half, told the Select Board on Sept. 23 that residential market values in Skowhegan have risen sharply. "We have our median sale prices in Skowhegan just since 2020, 2021, were around a $124,000, and now they're in excess of 250,000. So they've literally…
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