If you own property in Maine's capital city, you could see be paying significantly more in taxes.

According to an article in the KJ, property taxes in the City of Augusta may soon increase by 9.3%!

What's the reason for the proposed jump in taxes?  The city budget for the next fiscal year is just over $80 million.  That's up by about 10% - or just about $7.7 million.  There are many things that have driven the budget to that level.  These include salary increases for city employees and a half a million dollar increase the the cost of utilities.

Additionally, taxes are increasing to begin the process of paying back the cost of the construction of the new Augusta Police Department station.

So, how much is this going to cost YOU?  That's the important part, right?  According to the article, if your home is valued at $129,400, you would see your taxes increase by about $263.00.  That means your tax bill would be just under $3,100.00.

This increase has not been locked in stone yet, though.  There will be a public hearing to discuss the increase at 7 PM tonight (April 6th) at the Augusta City Council Chambers.

Get more details about the councilors and the Augusta City Council meetings HERE

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