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DEERIN6 ISLAND ASSESSED VALUATION DATA 4-24-2002 <br />(based on data supplied by Orono assessor 4-11-2002) <br />Property and <br />Proparty ID # <br />Aasaased Value <br />1999 2002 <br />% increase <br />1999-2002 <br />recent sale <br />price (m/y) <br />Big Island <br />2311723320039 $ 68,000 108,000 + 56%$150,000 7/00 <br />Big Island <br />2311723320027 100,000 205,000 + 105%$270,000 9/01 <br />Big Island <br />2211723310033 108,000 200,700 + 85%$185,735 3/01 <br />Deering Island <br />1811723310001 157,000 820,000 <br />+ 422%N/A ** <br />RESULTS: <br />1) BIG ISLAND PROPERTIES 3 YEAR INCREASE (AV6) 82% <br />2) DEERIN6 ISLAND 3 YEAR INCREASE 422% <br />COMMENTS: <br />1) **The 1993 estimated marlcet value of Deering Island was <br />adjudicated (T.C. 14783) at $125,000. Last sale was 11/91 <br />for $99,000. <br />2) With no improvements to the property, the assessed value <br />of Deering Island was increased $32,000 over the 6 years <br />from 1994, or 4% per year. The last three years have seen <br />an increase of $663,000, a yearly increase of 140%. <br />3) Ttie historic rate of 4% yearly value increase <br />coincides with inflation and common sense, and <br />should be used to determine an assessed value of <br />no more than $174,584 for the property. <br />i>.k. ■ r— ,