The scope of the project (Revaluation Project or Project) requires the complete discovery and appraisal of all taxable personal property and all (BETE) tax exempted personal property located within the corporate limits of the CITY as of the effective date of the project. The Company shall furnish all labor, materials, supplies, and equipment, except as otherwise specified and shall perform all work for the Project in strict accordance with the project scope, Section 5 and Appraisal Specifications section of this RFP. The values to be determined shall be “just value” as defined in Maine Statutes and Maine Supreme Court decisions. The basis of valuation shall be the recognized methods of appraising personal property. It is anticipated that property will be valued at 100% of full market value, however a final determination of the ratio assigned will be determined by the Assessor dependent upon market conditions at the time of the effective date of the project.
