Code of Maine Rules
18 - DEPARTMENT OF ADMINISTRATIVE AND FINANCIAL SERVICES
125 - BUREAU OF REVENUE SERVICES
Chapter 208 - GUIDELINES FOR PROFESSIONAL ASSESSING FIRMS THAT PROVIDE REVALUATION SERVICES TO MUNICIPALITIES
Section 125-208-01 - Definitions

A. Assessor. "Assessor" means a sworn municipal assessing authority, whether an individual assessor, a board of assessors, or a chief assessor of a primary assessing area. With respect to the unorganized territory, "assessor" means the State Tax Assessor.

B. Municipality. "Municipality" means any city, town, plantation, or that portion of a county in the unorganized territory.

C. Professional assessing firm. "Professional assessing firm" or "firm" means a person (an individual, a group of individuals, or any other entity) that contracts to provide revaluation services for one or more municipalities in Maine. For purposes of this rule, a "professional assessor," as defined in 36 M.R.S. §306(5), is not considered a "professional assessing firm" or "firm" except when providing revaluation services for a municipality that does not regularly employ the professional assessor.

D. Revaluation services. "Revaluation services" means the development of new assessed values within a municipality through the creation of new land or building pricing schedules, reflective of market value on April 1 of the year in which the revaluation is implemented. "Revaluation services" includes both (1) a full revaluation, where new assessed values for all property in the municipality, including all taxable property and any exempt property subject to reimbursement by the State, are established and (2) a partial revaluation, where smaller changes such as updates to grading and pricing schedules or updates to assessed values for one or more types of property in the municipality are established. "Revaluation services" does not include factoring, i.e., adjusting the existing values by a specific percentage.