April 24, 2015
Skowhegan board denies Sappi tax break
Sappi Fine Paper North America is planning to appeal a Skowhegan board's decision to deny its request to lower the property tax value of its paper mill by more than $137 million.
The Morning Sentinel reported that the Skowhegan Board of Assessors unanimously voted to deny Sappi's tax abatement request on Thursday. Sappi's request would have lowered its local tax obligation by $2.3 million.
Sappi's paper mill in Skowhegan was previously granted a $100 million reduction in property tax value, but the company has said that still doesn't properly reflect the mill's diminished value. The company said it plans to appeal the Skowhegan board's decision.
Source: Morning Sentinel
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