Kittery Town Council approves $22.8 million municipal budget

Maine State Budget to Raise Taxes 8.5%, Mill Rate Not Set Until September

Maine’s upcoming state budget is projected to lift taxes by 8.5 percent. However, the specific mill rate—a tax rate applied per thousand dollars of assessed property value—will not be formally established until September.

The budget, which lawmakers are preparing to finalize in the coming months, is expected to increase property taxes for residents across the state. The timing of the mill rate announcement means taxpayers will not know the exact amount they will pay until the end of the year. State officials have indicated that the rate will be determined after a review of revenue forecasts and spending needs, ensuring that the new tax level reflects the budget’s fiscal goals.

While the projected increase is significant, the delay in setting the mill rate is intended to allow for a final assessment of revenue projections and to ensure the tax adjustment aligns with the state’s budgetary requirements. Residents can anticipate that the increased tax burden will come into effect in the next fiscal cycle, following the September decision on the mill rate.