Personal Property

The value of business personal property which is pertinent to the conduct of that business - furniture & fixtures, machinery & equipment, computers, etc - are subject to valuation and taxation. The Town Assessor assesses these properties based on their ownership, condition, and location as of April 1.

2024 FILING INFORMATION

• General filing deadline is April 15, 2024; postmarks as of that date will be accepted.
• BETE filing deadline is April 1, 2024
• BETR filing deadline (with Maine Revenue Service) is December 31, 2024
• To download a 2024 Declaration form or Depreciation Schedule,  please click on the links below.

MOVED OR OUT OF BUSINESS

1. If you relocated your business outside Freeport or have ceased operation before April 1, 2024, you must notify the assessing department of your business status. Any businesses closed before April 1, 2024, but failed to notify the Assessor’s Office by April 1, 2024, will be subject to an assessment and be liable for the entire tax amount.

2. Businesses that have stopped operation as of April 1, 2024, must have all assets removed from their location; any properties remaining at the place of business are subject to assessment and taxation regardless of the business's operational status.

Please download and use the Notice of Business Closure Form below to notify the Assessing office of your business status.

TAX RELIEF

Maine has a personal property tax refund program that is state-funded, called the Business Equipment Tax Refund (BETR) Program. In addition, personal property may be exempted via the Business Equipment Tax Exemption (BETE) program, which must be applied for ANNUALLY.

For more information, see: The State's web page on this matter.