Tax Cap Likely to Land in Legal Knots ; the Legislature and the State's High Court Would Have to Step in On Such Issues As Alternative Taxes.
Portland Press Herald › October 24, 2004
Linked as:
Summary
Maine's cities and towns would not be able to raise other kinds of taxes to make up for revenues they may lose under a proposed property tax cap, according to an independent legal analysis of the law.
Also, the Maine Supreme Judicial Court would strike down as unconstitutional all provisions that would change the way properties are valued in Maine, said Robert Frank, an expert in antitrust law and trade regulation. That would make the measure less radical, but it also means that coastal property owners in towns that now have high land values and low tax rates would not see any property tax relief at all.See the full content of this document
Extract
Tax Cap Likely to Land in Legal Knots ; the Legislature and the State's High Court Would Have to Step in On Such Issues As Alternative Taxes.
"The values are going to be as they are now - market values," Frank said.
Frank added that many sections of the proposal are so ambiguous that, should Question 1 pass, the Legislature may want to clarify issues rather than wait for court decisions.The Portland Press ...See the full content of this document
Sponsored links
