Personal Property Information
Personal Property is taxable in the State of Maine:
Taxes are levied against all furniture, fixtures, computers, machinery and equipment. Including assets which are fully depreciated for income tax purposes located in the business. Assets located in Oxford on April 1, are taxed in Oxford and are required to be reported to Oxford.
The department mails a request for a true and perfect list of all business assets in February and the deadline for filing is May 1.
Note: Failure to file bars a taxpayer’s right to appeal his or her valuation. If a business does not exist as of April 1, the taxpayer’s failure to notify the Assessing Department by May 15, failure to report will result in the issuance of a tax bill.
Business Equipment Tax Exemption (BETE) Program
The legislature has created the Business Equipment Tax Exemption Program (BETE) for qualifying equipment that is placed in service on or after April 1, 2008. Certain assets (excluding furniture and fixture) located in a non-retail business may be eligible for exemption from taxation.
Business Equipment Tax Reimbursement (BETR) Program
The Business Equipment Tax Reimbursement (BETR) Program, administered by the state of Maine, is available for any business taxpayer placing eligible personal property in service after April 1, 1996. Certain assets located in the business may be eligible for reimbursement of taxes paid.
Town Office Hours
8:00 AM to 4:00 PM
10:00 AM to 7:00 PM
Oxford, Maine 04270
Our office will be closed on the following days
Jan 1 New Year's Day Wednesday
Jan 20 Martin Luther King Day Monday
Feb 17 Presidents' Day Monday
Apr 20 Patriots Day Monday
May 25 Memorial Day Monday
Jul 3 Independence Day Friday
Sep 7 Labor Day Monday
Oct 12 Columbus Day Monday
Nov 11 Veterans' Day Wednesday
Nov 26 Thanksgiving Thursday
Nov 27 Thanksgiving Friday
Dec 24 + 25 Christmas Thursday + Friday
All Days that Elections are held, March, June and November.
Topics of Interest
P.O. Box 153
Oxford, Maine 04270