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April 24, 2015

Skowhegan board denies Sappi tax break

Sappi Fine Paper North America is planning to appeal a Skowhegan board's decision to deny its request to lower the property tax value of its paper mill by more than $137 million.

The Morning Sentinel reported that the Skowhegan Board of Assessors unanimously voted to deny Sappi's tax abatement request on Thursday. Sappi's request would have lowered its local tax obligation by $2.3 million.

Sappi's paper mill in Skowhegan was previously granted a $100 million reduction in property tax value, but the company has said that still doesn't properly reflect the mill's diminished value. The company said it plans to appeal the Skowhegan board's decision.

Source: Morning Sentinel 

Read more

Sappi's Skowhegan mill seeks larger tax break

Towns eye tax relief due to revaluations of mills

Sappi: Skowhegan $100M valuation drop not enough

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