The town of Madawaska, Maine, and Twin Rivers Paper Co. are locked in a dispute over a $25.3 million tax abatement request by the paper mill. The town denied the request after correcting a prior assessment error that increased the mill's valuation by over $20 million. The mill plans to appeal the decision to the state.
Both parties disagree on the assessment calculations. Twin Rivers claims the town incorrectly swapped real estate and personal property assessments, while the town maintains it made a different error using the mill's reimbursed instead of assessed value from 2021-2023. A third-party assessor supported the town's assessment of $65.2 million.
Twin Rivers CEO Tyler Rajeski highlighted the potential impact on the mill's future, citing the recent closure of a competitor mill in Ohio. The town countered that these broader economic factors are not relevant to the valuation process. The Madawaska Select Board voted 3-1 to deny the abatement request.