The value of personal property of businesses which are 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.
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.
2020 FILING INFORMATION
- In light of the current pandemic issue, The filing deadline has been extended to June 1, 2020.
- To download a 2020 Declaration form or Depreciation Schedule, please click on the links below.