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At our last
Council meeting a Lisbon Resident asked if anything had been done
about the apparently illegal Homestead Exemption being taken by a
Councilor's LLC. The council indicated no corrective action had been taken.
The “Homestead Exemption” is a tax break for people that are full time residents of Maine. Corporations and LLC’s (Limited Liability Company) are not eligible for this residential tax break.
The “Homestead Exemption” is a tax break for people that are full time residents of Maine. Corporations and LLC’s (Limited Liability Company) are not eligible for this residential tax break.
Lisbon Town Council Chairman Fern Larochelle
In
1998 a councilors parents filled out and submitted an illegal
application for a Homestead Tax Break in the name of an LLC. This LLC
has been taking this illegal tax break for the last 14 years.
By my calculations the tax payers of Lisbon (and possibly the State) are owed well over $2000 dollars in back illegally obtained tax breaks. In order to get an exact figure we need to know the pecentage of total valuation Lisbon has been using for their tax computations for the last 14 years. This year at 83% valuation the tax break would be $8300 times our mil rate of 22.26 or about $185.00.
I hope Lisbon Councilors pursue this matter as fervently as they have the few dollars owed by other people in town. This LLC shouldn’t get favorable treatment because of its connection to a Lisbon Councilor.
Pay Up --- Councilors seem to have no problem setting high tax rates for the rest of us the least they can do is pay their own taxes to Lisbon.
Respectfully
By my calculations the tax payers of Lisbon (and possibly the State) are owed well over $2000 dollars in back illegally obtained tax breaks. In order to get an exact figure we need to know the pecentage of total valuation Lisbon has been using for their tax computations for the last 14 years. This year at 83% valuation the tax break would be $8300 times our mil rate of 22.26 or about $185.00.
I hope Lisbon Councilors pursue this matter as fervently as they have the few dollars owed by other people in town. This LLC shouldn’t get favorable treatment because of its connection to a Lisbon Councilor.
Pay Up --- Councilors seem to have no problem setting high tax rates for the rest of us the least they can do is pay their own taxes to Lisbon.
Respectfully
Joe Hill -- LisbonMaine.Net
Larry Fillmore has left a new comment on your post "Lisbon Councilors LLC":
At the last council meeting, I asked if the town had figured out how many more LLC’s this applied to and how many tax dollars were involved. After two weeks, the town manager had taken no action to find this information out. A simply computer query can identify how many LLC’s are collecting this exemption. Five minutes, top’s! It will take longer to compute the tax dollars involved but apparently this is another demonstration of favoritism for councilors. Only this time, the taxpayers and the state are losing revenue. How much longer can they hide this blatant abuse of power by the town manager?
Larry Fillmore has left a new comment on your post "Lisbon Councilors LLC":
At the last council meeting, I asked if the town had figured out how many more LLC’s this applied to and how many tax dollars were involved. After two weeks, the town manager had taken no action to find this information out. A simply computer query can identify how many LLC’s are collecting this exemption. Five minutes, top’s! It will take longer to compute the tax dollars involved but apparently this is another demonstration of favoritism for councilors. Only this time, the taxpayers and the state are losing revenue. How much longer can they hide this blatant abuse of power by the town manager?
1 comment:
At the last council meeting, I asked if the town had figured out how many more LLC’s this applied to and how many tax dollars were involved. After two weeks, the town manager had taken no action to find this information out. A simply computer query can identify how many LLC’s are collecting this exemption. Five minutes, top’s! It will take longer to compute the tax dollars involved but apparently this is another demonstration of favoritism for councilors. Only this time, the taxpayers and the state are losing revenue. How much longer can they hide this blatant abuse of power by the town manager?
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