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DEERING ISLAND ASSESSED VALUATION DATA 4-24-2002 <br />(based on date supplied by Orono assessor 4-11-2002) <br />Proparty and Assessed\ Value % Increase recent sale <br />Property ID #1999 2002 1999-2002 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 + 422%N/A ** <br />RESULTS: <br />1) BI6 ISLAND PROPERTIES 3 YEAR INCREASE (AV6) 82% <br />2) DEERING ISLAND 3 YEAR INCREASE 422% <br />COMMENTS: <br />1) **The 1993 estimated market 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 140i. <br />3) Th« historic rats of 4% yoarly valua incraasa <br />coincidas with inflation and common sansa, and <br />should ba usad to datarmina an assassad valua of <br />no mora than $174,584 for tha proparty. <br />1