Assessing Department

FAQ - Informational Sessions 2024-2026 Revaluation

Video credit: City of Airdrie

Valuation Memos to Finance Committee:

Finance Committee Update - June 2024

Finance Committee Update - February 2024

Finance Committee Update - June 2023

Click here to view our Ratio Study Summary 

Mission Statement

The City Assessor is charged by State law with discovering, describing, and valuing property, as well as the ownership of that property, for the purpose of taxation. Annually, the Assessor prepares a list of these properties and commits the assessments to the City Tax Collector for collection. The records compiled by the Assessor are made available for public inspection at City Hall. The Assessing Office then reports to the Maine Revenue Services - Property Tax Division regarding its activities for the year. The most recent State Valuation and state sales ratio analysis is available here. 

The fiscal year runs from July 1st to June 30th. Taxes are assessed using each property’s determined value as of the preceding April 1st each year. Taxes are assessed for the year going forward, so for example, taxes assessed effective April 1, 2024 are for Fiscal Year 2025.

Mill Rate

• • Fiscal Year 2025 - July 1, 2024 through June 20, 2025
  • Mill (Tax) Rate is $18.55/$1,000 of net valuation, or 1.855%.
  • This mill rate is used to calculate the tax due for both real and personal property
  • Tax due dates: September 16, 2024 and March 17, 2025
  • Late payments: 8.5% per annum
  • Commitment date: July 15, 2024
  • Tax appeal deadline date: January 16, 2025
  
  The mill rate for the Bangor Center Development District (Downtown District) is $0.65/$1,000 of valuation. The due date is September 16, 2024 (one payment). This mill rate only applies to taxable real property. If you own taxable real property in this Downtown District, you receive two tax bills.

Map of the Downtown District

April 1, 2024 Forms

Personal Property % Good Sheet

Instructions for Providing a Personal Property List Via Electronic File

Business Personal Property Declaration Letter / Instructions

Business Personal Property Fillable Declaration Form

Business Equipment Tax Exemption Application (BETE)

Homestead Exemption Form

Mobile Home Property Schedule Form

State of Maine – Regional Economic Statistics