Caribou, ME, USA, July, 2019 -- The recently announced Oct. 31 closure of Sitel, a call center in Caribou, will not only lead to the loss of roughly 100 jobs in the area, but also a significant amount of tax revenue.
Altogether, the property has been assessed by the city at $1,383,900, with $1,363,900 of that total being the value of the building and the remaining $20,000 being the value of the land.
Altogether, Sitel’s personal property is assessed at $195,900, however $134,200 of that total is eligible for business equipment tax exemptions. The state of Maine reimburses the city for a portion of the uncollected revenue on this amount. In 2019, business equipment tax exemptions are set at 53 percent.
Posted by Veronica Silva Cusi, news correspondent
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Published: Friday, August 2, 2019
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