Model Contract for Revaluation Services - Maine

Model Contract for Revaluation Services - Maine

Model Contract for Revaluation Services is a legal document that was released by the Maine Department of Administrative and Financial Services - a government authority operating within Maine.

FAQ

Q: What is a revaluation service?
A: A revaluation service is a process of reassessing the value of properties for taxation purposes.

Q: Why is a revaluation service necessary?
A: A revaluation service is necessary to ensure that property assessments are fair and accurate, as property values can change over time.

Q: Who is responsible for conducting a revaluation service in Maine?
A: In Maine, the responsibility for conducting a revaluation service typically lies with the local assessing department or a contracted appraisal company.

Q: How often does a revaluation service occur in Maine?
A: Revaluation services in Maine generally occur every 5 to 10 years, although the exact frequency can vary depending on local regulations.

Q: Do property owners have any input during a revaluation service?
A: Yes, property owners have the opportunity to provide information and documentation that may impact the reassessment of their property.

Q: Can property values increase as a result of a revaluation service?
A: Yes, property values can increase as a result of a revaluation service, which may lead to higher property taxes for some owners.

Q: Can property values decrease as a result of a revaluation service?
A: Yes, property values can also decrease as a result of a revaluation service, which may result in lower property taxes for some owners.

Q: What happens after a revaluation service is completed?
A: After a revaluation service is completed, revised property assessments are typically mailed to property owners, and they have the option to request a review or appeal the new assessment if they believe it is incorrect.

Q: Are there any specific requirements for a revaluation service contract in Maine?
A: Yes, each municipality in Maine may have its own specific requirements for revaluation service contracts, so it is important to consult local regulations and guidelines.

Q: Can property owners challenge the results of a revaluation service?
A: Yes, property owners have the right to challenge the results of a revaluation service if they believe their property has been assessed incorrectly or unfairly.

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Form Details:

  • The latest edition currently provided by the Maine Department of Administrative and Financial Services;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Maine Department of Administrative and Financial Services.

Download Model Contract for Revaluation Services - Maine

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