PORTLAND — The equalization rate continues to be the topic of discussion in Portlan....
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Going by the letter we received from the State, they state specifically 5% of the rate, not 5% added or subtracted from the rate. If the LOA is 60%, an acceptable ER would be from 57% to 63%. 5% of the rate is a 3% addition or subtraction allowed. 5% of 60% is 3%. Where are you getting your info from? It would be interesting if we could have a larger swing. That would give us the option of 59.68 If you could provide your source, we would appreciate it.
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Sorry but your wrong on this, it's 5 percent over the current number, not 5 percentage points over it.
I see your point ILuvThisTown, but actually the reporter was right on this point. The allowance is not a raw 5% added to the ER%, but 5% of the ER%. The math goes like this - 54.68% + 5% (times 1.05) = 57.414% 54.68 is the number the state is suggesting. Mathmatically there is a difference. Remember, nothing is clear in how the state operates. Thanks for your support.
"It is the assessors decision to either use the lower rate to cost the town taxpayers more money or raise the rate to help the town's taxpayers."
Seems like she has the states interest ahead of local taxpayers.
Portland gets screwed again.
You totally missed my point..."54+5= over 57"! lol..."increasing 5 percent would bring the town's 54 percent equalization rate to over 57 percent."
The state really does give the assessor the right to a 5% swing either way. It is the assessors decision to either use the lower rate to cost the town taxpayers more money or raise the rate to help the town's taxpayers. While all these decisions are being made, none of the information being shared with the taxpayers and that should change. The lower the ER the higher our calculated market value is and therefor we pay a bigger share of county, school, medicaid and community college taxes. There is no reason to hide that data if valid assumptions and real data is used. We have a right to this data on a timely basis. We are still waiting on information from the state FOIL from the 2012 fiasco when they lowered our ER 12.5%. It is a tangled web.
"While the state has given its equalization rate, the state gives the town a 5 percent window to either raise or lower the rate; increasing 5 percent would bring the town's 54 percent equalization rate to over 57 percent." Really? I hope Observer reporter Samantha didnt come up this one on her own! lol...or, could it be, no, common core education at work here? lol..
Today in the Observer. Of course the facts are not all correct and only 1/2 the story was told about the board and the supervisor Dan Schrantz. The paper said the ER went from 58 to 52% in 2012. The correct numbers were 62% to 54%. Also, the paper said that Dan Schrantz was in favor of keeping the ER at 54% but that was at the beginning of the meeting. By the end of the meeting, Dan and the board agreed, they are pushing the assessor to go for the 57%. A small relief but better than nothing. Of course the paper saw no need to publilsh this info. Also, the state is on notice that we are watching them. Can you believe this, the state said in a letter, they will not be sharing the data used to determine the rates until after they decision is made, what a crock. Our next push is for open and transparent government. This info should be available before irreversible decisions are made.
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