County’s Valuation Increases by More Than $3M



ELLSWORTH — Despite a weak real estate market in Hancock County and beyond, state valuation figures released this week show that the county’s total valuation has increased by more than $3 million over 2009.

 

The 2010 state valuation for Hancock County is $14,022,550,000, which includes a $210 million valuation for the county’s unorganized territories.

All but seven municipalities in the county saw their valuations increase this year. Accordingly, most municipalities will see an increase in their county taxes, despite that the county budget, which is supported by the taxation, increased by only about $64,000 over last year.

Phil Roy, the county’s chief financial officer, issued a preliminary draft of 2010 county tax assessments to the commissioners Tuesday.

Roy said tax bills will be sent to the county’s municipalities within the next couple weeks.

For more political news, pick up a copy of The Ellsworth American.

 

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