The popular Property Tax Stabilization for Senior Citizens program has been repealed by the State Legislature.  Those who qualified to stabilize their 2024 tax bills will still receive that benefit for this upcoming bill only.  Since the program is repealed, there is no longer an application available.

To ease the burden of this program being repealed, the State has expanded the Property Tax Fairness Credit and Property Tax Deferral Program.  In order to apply for those programs, please follow this link https://www.maine.gov/revenue/taxes/tax-relief-credits-programs/property-tax-relief-programs/stabilization-program .

The Town of York’s 2023/2024 taxable valuation is $6,974,868,042. This includes taxable real estate valuation of $6,948,312,900 and taxable business personal property valuation of $26,555,142. The total assessed valuation of exempt property is currently $307,798,800. York’s certified assessment ratio for 2023/2024 is 100%. York’s land area is 56 square miles and is made up of 9,270 land parcels. York has 11,290 real estate accounts, 612 personal property accounts, and 347 exempt accounts.

York’s current tax rate is $8.45 per thousand dollars of valuation. Annually, the Assessor’s Office reviews valuations and makes adjustments to the valuations to include any additions and deletions. Part of the assessment process includes conducting an annual "sales ratio study", which compares the actual selling prices of properties to assessments. The most recent study, conducted for the state valuation purposes, indicated the assessed values to be, on average, at 95.4% of market value. The average assessed value of improved single family non-waterfront residential properties that have sold during the twenty-four months prior to April 2, 2023 is $681,832. The average selling price for those same properties is $728,266. The average assessed value for a single-family waterfront home sold during that same time period is currently $2,239,610. The average selling price for those same homes is $2,433,473.  The average assessed value of unimproved lots that have sold during the twenty-four months prior to April 2, 2023 is $265,137, with an average selling price of $294,473.

The Assessor’s Office is a clearing house of information such as building and land records, monthly sales transactions, and assessment valuation information used by other town departments, the public, and their representatives (appraisers, brokers, attorneys, surveyors, title companies, etc.). Reports are often generated from the commitment file for use by various town departments.  The office is also the source for administering all street naming and numbering issues. Valuation reports containing assessment and ownership information, as well as individual tax maps, are available upon request.

The Assessor’s Office has an open door policy and welcomes all taxpayers with questions or concerns about their assessments to call or stop by the office. We are also happy to answer questions via e-mail: assessor@yorkmaine.org.