Tuesday, 11 December 2018 12:53

New construction could reduce Ellsworth tax rate

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ELLSWORTH - Residents of Ellsworth could possibly see a decrease in their property taxes, thanks to more than $30 million in new construction permits issued to local businesses.

Permits approved for renovations would not add value but City Manager David Cole is optimistic about the work being down around the city.

 

"I mean, you don't want to make promises you can't keep but it helps and in the end, the assessor's office will determine what gets added to the tax value," Cole said.

 

The city also would need to stay within its budget for residents to see any changes, he said.

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