Maine State Property Tax Appeals Board Upholds Assessment

By a vote of 3 to 1, a panel of the State Board of Property Tax Review upheld the $42,000,000 assessment of Louisiana Pacific’s laminated Strand Lumber plant in New Limerick, a small town in Aroostook County.  The property owner, a nationally known building materials supplier, argued that the assessment should be lowered to $8,500,000, which would have meant a loss of over $500,000 of annual tax revenues to the Town.  Bill Dale represented the Town throughout the process. The property owner has also filed abatement requests for three subsequent years, and so the decision is of even greater importance than if there had been only one year at issue.