The wandering heir
Revaluation for K’Port (May 30, 2008)
by renee worthing staff writer kennebunkport is about to embark on a town-wide revaluation programme payment the first pro tem in 10 years. state planning office economist david douglass said kennebunkport’s 2007 municipal valuation reported the total assessed value of all land, buildings and personal worth as $703 million. however, the 2007 state valuation for kennebunkport is $1.67 billion. douglass1 said the certified ratio, the au fait with of metropolitan assessed valuation interrelated to full superstore value as declared by the assessor on the council valuation profit, is 46 percent. town manger larry mead said data collectors from northboro, mass.-based vision appraisal technology will arise visiting properties during the form week of may.revaluation is the process in return determining changes in property values, which determines a fair market value for the property, which are then used to assess taxes.mead said the value of some properties may go up, but that does not mean taxes will go up.”some taxes require drop, some may stopover the same, some may go up,” he said.visual appraisal technology, which conducted kennebunkport’s last revaluation in 1998, also performs revaluations in other maine communities, particularly coastal communities, mead said.mead said the data collectors would begin the modify by visiting year-round properties leading. he said they disposition grab photos of properties and measure the exterior, as well as inspect the interior. he said vision employees would have photo identification, a letter of authorization from the town and their vehicles listed with township theatre and the police department. residents are advised to ask for identification before granting access to their gear. mead said in order suited for a successful and fair revaluation, it is important that accurate data is collected. he said although homeowners are not required to allow inspectors into their homes, if they disallow, their ability to apply for, or be granted, an abatement of value in the future may be compromised. if the data art-lover is not capable to perform an interior inspection they will estimate the interior characteristics and features based upon comparable homes. “all they [data collectors] can get is nearly the same projections from similar properties,” mead said. “residents are strongly advised to set apart them in. the revaluation depends on legitimate data.” he said if a resident is not home for an personal inspection, a letter will be mailed to the resident requesting the homeowner to call for an appointment. “they won’t leave a note on the door,” he said, adding it could watchful neighbors that nobody was home. vision employees want work all over june, july and august in order to visit every effects in community. “we clothed asked vision to schedule visits to seasonal properties in july and august so that whenever possible the property P is present for the interior inspection,” mead said. vision appraisal technology will also collect observations from the registry of deeds, property managers, developers and local right land professionals. once all the data is collected and reviewed for accuracy, the appraiser will determine estate values and delineate neighborhoods, which rate the desirability of locations everywhere in the town as determined by verifiable market energy. vision liking also run a market analysis. while listers discretion assemble tangible data, appraisal personnel drive analyze sales that took place over the last connect of years to select which market factors influenced property values. “they will look at categories of properties, mostly residential,” mead said. “but, they devise look at commercial businesses for a business analysis.” the revaluation and analysis dispose of will require more than a year to complete, mead said. mead said 10 years is a long every so often for a town to go without a revaluation. “people are certain of to do revaluations,” he said. “they tend to associate revaluations with tax increases. it can be an unsettling process and people shy away from unsettling things, but someone has to say, we have to do it, it’s been too long.’” a notice of creative value will be mailed to property owners in june 2009 and final values will be established in august 2009. questions can be directed to the assessor’s office at 967-4243, ext. 102.
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