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Lowe’s seeks big tax cuts for stores in Maine

The Lowe’s home restoration chain is seeking major property tax abatements for Panthers Jersey
their stores in Maine.

The requests for abatements, Filed this week for Lowe’s by the Newark, New jersey based lawyers of McCarter English, Seek to cut the assessed values of each of their stores by vast amounts.

across Thomaston, for the Lowe’s was built in 2008, enterprise has asked the assessment be reduced by nearly $6.9 million from our present-day $15.3 million. If naturally, That would cut the company’s annual tax bill in Thomaston by $124,000.

Thomaston’s assessors’ agent David Martucci said enterprise also filed abatement requests across the state, using in Bangor, coffee maker, Scarborough but Auburn. Lowe’s Presque Isle look, the only person north of Bangor, doesn’t have filed for an abatement.

operating in Bangor, Lowe’s is applying for an abatement of $4.5 million for a shop built in 2009 that is assessed at nearly $12.3 million. This would spark a tax cut of $99,000.

In machine, the
company has asked
that its assessment of $12.5 million be reduced by slightly more than $3.5 million. If allowed, could possibly reduce Lowe’s tax payments to Brewer by $76,000.

A request for an abatement of $3.8 million in Auburn would cut the Lowe’s tax bill by $82,000 as they city.

the actual also is seeking a $5.3 million abatement for the store in Augusta, which has been assessed at $14.4 million. this could, If accredited, create a tax cut of about $100,000.

living in Scarborough, Assessor Matthew Sturgis said Lowe’s has demanded a $3.8 million cheap nfl jerseys
decrease in their assessment of $12.9 million in that to the south Maine town. the phone store was built in 2007. An abatement of that amount would result in a cut of nearly $59,000.

Martucci and Sturgis questioned the calculations provided on the part of Lowe’s.

The Thomaston Board of Assessors is scheduled to meet Tuesday to your abatement request. Martucci said he will recommend the town request vacationer tax from the company.

“by now, they haven’t yet provided evidence to support their request, Martucci exclaimed.

The company sent along a list of Lowe’s stores that have closed across the country and the sale price of the property after the closures. The only store out there from Maine was the. the property or house was sold in October 2012 for $3.2 million, as per the information provided by McCarter English.

Martucci said those types of sales are not useful in determining the assessment of a property because companies such as Lowe’s place numerous disadvantages on the use of the properties, Which brings down their value.

Sturgis said extremely common for large companies such as Lowe’s to make large scale requests for abatements in hopes that some communities will grant the reduction.

operating in 2014, From 11 communities in the state of hawaii and succeeded only in two cases, Both for far less than the figure requested.

A telephone message left Thursday morning with a representative of the New jersey law firm that is representing Lowe’s in Maine was not immediately returned. News names ma the best state in America.

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