Madawaska Selectmen set mill rate
MADAWASKA, Maine — The Madawaska Board of Selectmen set a mill rate that is lower than last year’s during its meeting held Nov. 12 at the Madawaska Middle High School.
After months of Finance Committee and Board of Selectmen meetings, the committee and board presented the budget to the townspeople of Madawaska at the annual town meeting. Townspeople approved the budget.
The final budget sits at just over $6.8 million, which increased by almost $250,000 from last year’s budget of $6,555,146, but with added revenue from various town departments such as the ambulance department, the net budget is a decrease of almost $246,000 from last year.
Now, selectmen have agreed on and set the tax rate for this year at 22.85 mills. That is 0.35 of a mill decrease from last year’s 23.2.
That means that a homeowner will pay $22.85 for every $1,000 in property valuation. A property assessed at $100,000 will cost the homeowner $2,285 in taxes in 2021, which is down $35 from the same property in 2020.