Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
State valuation notice puts Carrabassett Valley at 21% of Franklin County value, board flags budget impact
Summary
The Select Board reviewed a State of Maine valuation notice reporting Carrabassett Valley’s full taxable value at $1,440,050,000 — about 21% of Franklin County’s total — a shift the board said will affect the town’s share of the county budget.
The Carrabassett Valley Select Board reviewed a State of Maine notice of proposed full taxable valuations for Franklin County municipalities, which lists Carrabassett Valley’s valuation at $1,440,050,000 and a county total of $6,891,850,000, representing roughly 21% of the county value.
The valuation reflects property values as of April 1, 2023, incorporating sales primarily from 2022 and 2023. Select Board members noted the principal effect will be a change in Carrabassett Valley’s share of Franklin County’s budget; the minutes state the highest valuation previously sat in the southern county and now is concentrated in the northern region, including Carrabassett Valley and Rangeley.
The board did not record a formal motion on the valuation notice during this meeting. No specific next steps or appeals were recorded in the minutes; the valuation is treated as informational at this point.
