How have differences in property valuations between Lewiston and Auburn been taken into account?
Lewiston’s tax rates are considerably higher than Auburn’s tax rates, but Lewiston’s property valuations are below market value and below Auburn’s property valuations, which are at close to market rates. Our report adjusts the valuations against state valuation levels so that they can be properly compared.
When that equalization is done, the actual tax rates are very close with the primary difference being the cost to service Lewiston debt being higher than Auburn. Because of that higher debt service, Lewiston-side taxpayers would pay a slightly higher rate than Auburn-side taxpayers -- $22.70 compared to $21.38 – until all current debt is retired.
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