Canaan, Maine

There is going to be a town wide review and revaluation of the land and building values used for tax assessment purposes. Those new values will be effective for the tax billing in August of 2024.  The last revaluation was in 2006 and the town is in need of a comprehensive review.

For the tax year 2023, Maine Revenue Services certified Canaan at a ratio of 67% meaning that most properties, on average, are selling for significantly more than the assessed value.  Maine Revenue requires towns to be above a 70% ratio. The goal of the revaluation is to update assessed values to 100% and to assure that we have accurate information on all property record cards.

Revaluations can bring up a lot of concerns and questions, so below you can find some answers to questions you may have.

Common Questions Regarding Valuation Change

Revaluation Questions and Answers