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Turbine tax benefit eludes Freedom residents
Freedom residents who hoped the wind turbines on Beaver Ridge would bring a lower tax bill got a surprise this year as other factors sucked up most of the windfall. ...Freedom town officials, with help from the state, valued the Beaver Ridge development at $9.7 million and the Central Maine Power transmission lines running up the ridge at an additional $480,000. But the value added to the town made barely a dent in the mill rate, which went from 17 to 15.5.
August 11, 2009
by Ethan Andrews
in Village Soup
FREEDOM: Freedom residents who hoped the wind turbines on Beaver Ridge would bring a lower tax bill got a surprise this year as other factors sucked up most of the windfall.
The three 400-foot wind turbines started pumping energy into the grid last November. During the planning stages of the project, wind developer Competitive Energy Services estimated the turbines would be valued at $10 million. According to company literature, the boost in the town's overall valuation would contribute to a 27 percent reduction in residents' tax bills.
Freedom town officials, with help from the state, valued the Beaver Ridge development at... [continue via Web link]
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