Camden property taxes up 3 percent

By Susan Mustapich | Sep 05, 2018
Photo by: Susan Mustapich

CAMDEN — Camden's 2018-19 property tax rate is up three percent to $14.88 per thousand dollars of property valuation.

The annual increase is $150 on a property of $300,000.

A sign in the town clerk's office informs members of the public that the SAD 28 and Five Town CSD budgets account for 61 percent of property taxes, the municipal budget, 31.8 percent and the county budget, 7 percent. The construction of a new $28 million dollar Camden Rockport Middle School is the primary factor in the overall property tax increase.

Municipal budget

A municipal budget totaling $9 million was approved by voters at Town Meeting in June, as well as the use of $3.12 million from non-property tax revenues to offset municipal spending.

The $3 million in revenue, used to reduce the amount to be raised in taxes, comes from a variety of sources, including Camden's vehicle excise tax, $980,000; harbor permits, $195,000; harbor dockage, $80,000; building permit fees, $60,000; and state revenue, $268,000. The select board also voted to use $150,000 in town surplus funds to decrease taxes.

Town Manager Audra Caler-Bell has the responsibility for crafting the municipal budget, which then undergoes budget committee and select board review. Caler-Bell held the increase in spending down to 1 percent, and a 0.7 percent increase on property taxes. To move forward on capital improvement projects, such as downtown sidewalk improvements, revenues from the town's downtown tax incentive financing will be used, and bond financing will be used for infrastructure repairs to Seabright Dam and drainage on Bayview Street.

Property tax due-dates are Oct. 17, 2018 and April 17, 2019.

 

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